0.23%
Wednesday, March 20, 2019
Volume 2, Issue No.5

DSW Shakes Up Strategy, Announces New Name

By Jennifer Ernst Beaudry. DSW will be known as Designer Brands and will focus its efforts on operational efficiencies and better consumer experiences at its flagship DSW chain, as well as growing and learning from its Camuto Group business after a promotional holiday season took its toll.  Read the full story here.

Adidas Makes Yeezy More Accessible, Pumps Up Speedfactory

By Bob McGee. CEO Kaspar Rorsted said Adidas is setting aggressive goals for the year, including growing its global e-commerce business to 4 billion euros ($4.5 billion) and achieving 10 to 14 percent annual growth in FY19.  Read the full story here.

Dick’s Invests in Footwear Training, Inventory Productivity

By Bob McGee. Dick’s Sporting Goods is investing in the in-store experience, including more training on footwear for staffers. The largest full-line sporting goods chain in the U.S. ended fiscal year 2018 with more than 858 doors and 42.2-million sq. ft. of retail space.  Read the full story here.

PODCAST Q&A:
SAS Shoes’ Nancy Richardson

By Bob McGee. San Antonio Shoemakers has been making its handcrafted styles in Texas since its founding in 1976 — and they’re just getting started. In an excerpt from the podcast, senior editor Bob McGee sits down with Richardson in the brand’s San Antonio headquarters. Read the full story here.

In the News
Brooks, Under Armour, Instagram, Nester Hosiery, Genesco, Modell’s

By Jennifer Ernst Beaudry and Bob McGee. Brooks Running Co. has named Dan Sheridan EVP and COO. Sheridan, who has been at Brooks since 1998 and previously served as EVP and head of global sales, has overseen Brooks’ ascent in specialty running.
Read the full story here.

FOOTWEAR INSIGHT INDEX

The segment, like the Dow, was essentially flat for theperiod with nine stocks up and 11 down. DSWshares declined more than 8.4 percent yesterday morning after the retailerreported FY results that missed targets and a 28.5 percent increase in year-endinventories. Boot Barn recentlyreported a 9.2 percent increase in same store sales for the period ended Dec.29 with stores up high-single digits and e-commerce sales up double-digits. WithMarch Madness upon us, Sports BusinessJournal reports that Nike/BrandJordan will outfit 40 of the basketball tournament participants in jerseys andshoes followed by Under Armour with17 versus 10 in 2018 and Adidas with11 clubs. Meanwhile, Nike, which reports Q3 results tomorrow afternoon, seesits target price raised to $90 by JPMorgan. Adidas, which realized 15 percentgrowth in currency-neutral sales in North America in FY18, generates 21 percentof its global revenues from the region. Under Armour has hired ex-Nikeexecutive Kasey Jarvis as its new chief design officer. He starts his new jobnext month. Puma is replacing Nikeas the “official ball” of La Liga, the Spanish soccer league in a new $5.6million deal starting with the 2019-20 season. Skechers is named Children’sBrand of the Year at The 2019 Footwear Industry Awards in London. — Bob McGee 
The Footwear Insight Index tracks 20 of the most important publicly traded companies that have a substantial footwear business (6 retailers, 14 brands).
Index base of 100 is key to the closing prices of 12/29/17

INDEX: 128

0.23%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 02/19/19 • Price 03/04/19

ASICS Corp.
7936.T

4.34%

$13.35 • $12.77

Boot Barn
BOOT

1.62%

$28.42 • $27.96

Crocs
CROX

6.06%

$24.27 • $25.74

DSW
DSW

11.24%

$28.57 • $25.36

Genesco
GCO

8.37

$46.49 • $42.60

Mizuno
8022.T

3.57%

$22.69 • $23.50

Puma
PMMAF

3.05%

$558.00 • $575.00

Shoe Carnival
SKVL

9.86%

$37.13 • $33.47

Steve Madden
SHOO

0.15%

$33.06 • $33.11

VF Corp.
VFC

0.17%

$85.85 • $86.00

Company name
(Ticker Symbol)

% Change over week
Price 02/19/19 • Price 03/04/19

Adidas
addyy

3.39%

$122.24 • $118.09

Caleres
CAL

11.13%

$30.54 • $27.14

Deckers
DECK

0.26%

$145.97 • $144.60

Foot Locker
FL

5.52%

$63.35 • $59.85

GEOX
GEO.MI

6.42

$2.18 • $2.04

Nike
NKE

2.55%

$85.64 • $87.82

Rocky Brands
RCKY

5.09%

$29.49 • $27.99

Skechers
SKX

3.07%

$34.15 • $33.10

Under Armour
UAA

0.36%

$22.27 • $22.35

Wolverine
WWW

2.27%

$35.32 • $36.12

TOTAL
Week over week

0.23

$1,447.98 • $1,444.61