0.18%
Wednesday, February 19, 2020
Volume 3, Issue No. 7

Obituary: Bob Campbell, BBC International Founder

Robert Campbell, legendary force in the children’s shoe world, died at home in Boca Raton, FL, on February 17. He was 82. Born in 1937 in Pittsburgh, PA, Campbell began his career in footwear with a job at Kinney Shoe Corp. at the age of... Read the full story.

Asics Aims to Bolster Service to U.S. Run Market

Aiming to capitalize on current brand momentum within the U.S. run specialty channel, Asics says it will introduce exclusive products for the segment and better educate store staff on the features, benefits and technology offered in new 2020 styles. Read the full story.

Puma Promises More Focus on Running Segment

Coming out of its best fiscal year ever, Puma is promising to accelerate its attention on the running market into 2021 as it continues executing its broader growth strategies. Read the full story.

After Tragedy, Timberland Employees Return to Work

Timberland employees returned to work on Monday, after being closed since the death of Cassie Heppner, director of marketing for the Timberland PRO line on Sunday, Feb. 9. Read the full story.

IN THE NEWS
Nike C-Suite Changes, Modell’s Hires Financial Advisors, and Retail Sales Gain in January

Nearly five weeks after installing new CEO John Donahoe to replace Mark Parker, now serving as executive chairman, Nike has made a number of C-suite appointments. Read the full story.

FOOTWEAR INSIGHT INDEX

Segment trails Dow for sixth consecutive week as financial impact of coronavirus epidemic continues to be assessed. Although only six brand prices rose during the period versus 14 decliners, segment eked out a slight gain compared to the Dow’s 0.82 percent increase. Crocs was the biggest gainer. Puma’s FY19 global footwear sales rose 16.8 percent to top $2.7 billion, including a double-digit increase in North America, where the brand will open a new automated distribution hub near Indianapolis this year. Asics is forecasting its Onitsuka Tiger brand to reach approximately $435 million in worldwide sales this year as it works to make the label a premium fashion brand and opens stores in major global markets, including New York and Los Angeles. Adidas reports earlier today that its China business has fallen approximately 85 percent since the Lunar New Year on Jan. 25 due to impacts from the coronavirus. The Three Stripes, unable to quantify the slowdown on its overall FY20 business, will provide an update on March 11 when it releases full-year results. VF Corp. will offer “green bonds” to investors as it aims to raise an unspecified dollar amount to finance sustainability efforts. Projects will include raising its number of products and raw materials and lowering the carbon footprint of its supply chain and owned operations. Skechers signs elite runner Anthony Famiglietti as an endorser. He is wearing the brand’s GOrun Razor 3 Hyper. Designer Brands names William L. Jordan as Chief Growth Officer. He had been EVP and president of DSW for the past year. CEO Roger Rawlins will also serve as interim DSW president until an executive search is completed. — 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: 145

1.50%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 02/10/20 • Price 02/18/20

ASICS Corp.
7936.T

13.63%

$14.01 • $12.10

Boot Barn
BOOT

0.70%

$33.05 • $32.82

Crocs
CROX

4.88%

$36.49 • $38.27

Designer Brands
DBI

2.92%

$14.73 • $14.30

Genesco
GCO

3.11%

$38.90 • $37.69

Mizuno
8022.T

3.03%

$23.44 • $22.73

Puma
PMMAF

3.83%

$76.18 • $79.10

Shoe Carnival
SKVL

0.53%

$35.68 • $35.49

Steve Madden
SHOO

2.66%

$36.49 • $37.46

VF Corp.
VFC

0.79%

$83.33 • $82.67

Company name
(Ticker Symbol)

% Change over week
Price 02/10/20 • Price 02/18/20

Adidas
addyy

1.48%

$156.46 • $154.15

Caleres
CAL

19.64%

$17.41 • $13.99

Deckers
DECK

4.28%

$192.92 • $201.18

Foot Locker
FL

2.23%

$39.01 • $39.88

GEOX
GEO.MI

1.63%

$1.23 • $1.21

Nike
NKE

1.98%

$100.02 • $102.00

Rocky Brands
RCKY

0.20%

$25.55 • $25.50

Skechers
SKX

0.79%

$37.97 • $37.67

Under Armour
UAA

18.15%

$20.44 • $16.73

Wolverine
WWW

0.51%

$31.54 • $31.70

TOTAL
Week over week

0.18%

$1,014.85 • $1,016.64

ARCHIVES - February 12, 2020

Coronavirus Quarantines Push Deadlines, Sink Sales

The financial impact of the coronavirus epidemic in China is beginning to be assessed by footwear and apparel companies. An estimated 25 percent of American Chamber of Commerce members in Shanghai are forecasting a revenue drop of more than 15 percent this year. Read the full story.

Goodbye Platform, Hello MICAM Americas

Under one roof at Mandalay Bay last week, a consolidated FN Platform and MAGIC show brought buyers and brands to the semi-annual show, which will be the last under the FN Platform name.  Read the full story.

Tragedy at Timberland, Victim Identified

A Timberland employee was killed Sunday at the Stratham, N.H. brand’s headquarters. Authorities identified the victim as Catherine Heppner, who worked as the director of marketing for the Timberland PRO line. Read the full story.

Under Amour’s North American Recovery Slows

Negative impacts from ongoing promotional activity hampered both wholesale and e-commerce sales and have put Under Armour behind schedule on its North American recovery and transformation plan. Read the full story.

Columbia Eyes Still Bigger Footwear Business

This year, Columbia Sportswear is projecting its growth in footwear from its Columbia and Sorel brands to outpace its topline expansion in apparel. In FY19 ended Dec. 31, the company’s reported footwear sales grew 15 percent to $701.3 million. Read the full story.

PODCAST
Newly-Acquired Original Footwear Aims to Expand Reach

Family-owned Original Footwear Inc., the Morristown, TN, parent of the Altama and Original S.W.A.T. brands distributed into military and law enforcement channels, was recently acquired by Brand Velocity Partners (BVP). Original Footwear Company, headed by Kevin Cole, is maneuvering to expand the reach of a new street, military-inspired collection into mainstream footwear retail distribution. Listen here.

IN THE NEWS
Skechers Expands Online Presence, Nike Sells Subsidiary & More

Skechers, which now has 3,547 stores worldwide that included 497 owned locations in the U.S. at 2019 end, intends to be online and direct-to-consumer in every global market it operates in by year-end. Also, SKX intends to open 75-85 new stores, predominantly in its warehouse format. Read the full story.