6.43%
Wednesday, September 18, 2019
Volume 2, Issue No. 17

New President at Merrell

Chris Hufnagel will head the Merrell brand following the departure of Sue Rechner, parent company Wolverine World Wide announced. Hufnagel most recently served as global brand president of Wolverine’s Cat Footwear brand. Read the full story.

Foot Locker Announces Greenhouse Incubator

Foot Locker this week launched Greenhouse, a New York-based incubator designed to foster collaborations between brands, tastemakers and the retailer itself. Read the full story.

New Balance Builds Bridges for NYC Marathon

Bridges — specifically, the iconic bridges that connect New York’s five boroughs — are the theme for New Balance’s footwear and apparel collection for the 2019 New Balance TCS New York City Marathon. Read the full story.

IN THE NEWS
Consumer Spending, JC Penney, Under Armour, Grassroots Outdoor Alliance

Unadjusted, year-over-year U.S. retail sales rose 4.6 percent last month. Sporting goods stores enjoyed a 3.8 percent gain in year-over-year sales and clothing/accessory store sales increased 2.3 percent for the month, according data from the U.S. Census Bureau. Read the full story.

Wednesday, August 21, 2019
Volume 2, Issue No. 15

Fleet Feet’s Trademark Suit Against Nike May ‘Change Everything’

Fleet Feet Sports, the national franchisor of 181 running specialty shops, filed a trademark infringement suit against Nike on Aug. 30. Read the full story.

Famous Footwear Bullish on Boots, Looks to Pivot Away from China

Caleres CEO Diane Sullivan and her management team, seeing a positive bounce from boots in Q2, are optimistic the category’s sales momentum will continue in H2 for Famous Footwear. She cited Dr. Martens, short booties and sneaker booties as having “very good” early reads in August.
Read the full story.

NPD Bearish on Balance of BTS Season

Sales dollars and average selling prices are up but units sold are down for athletic footwear halfway through the back-to-school season, according to NPD analyst Matt Powell.
Read the full story.

It’s Not Autumn, It’s Tariff Season

For three of the next four months, nearly all products imported from China will be slapped with new tariffs as the trade war rages on. List 4 products from China had their tariff rate raised to 15 percent yesterday from 10 percent, and tariff rates on List 1, 2 and 3 products move to 30 percent on Oct. 1.
Read the full story.

PODCAST
Sam Garzon, the founder and CEO of Miami-based UnoZero

Sam Garzon, the founder and CEO of Miami-based UnoZero, says the young company’s name was inspired by all the soccer greats who have worn the number 10 on the pitch. Everyone from Pele and Zidane to Totti.
Read the full story.

IN THE NEWS
TOMS, Lord + Taylor, Amer Sports and More

A pop-up Shoebox Museum focused on everything sneaker packaging was open on New York City’s Lower East Side for three days last week. Curated by Nice Kicks Founder Matt Halfhill, the museum examined the sneaker box through three lenses—design, brand experience and uncommon concepts.
Read the full story.

Wednesday, August 14, 2019
GMSA 2019 Special Edition

The 2019 Gold Medal Service Award Winners Honored at FN Platform

Service is the alpha and the omega for independent shoe shops, and yesterday Footwear Insight recognized the stores that elevate it to an art form at the fifth Gold Medal Service Awards breakfast, held at the FN Platform show in Las Vegas. This year’s list included 78 of the footwear world’s most influential shops — as well as the largest number of first-time inductees ever.
Read the full story.

2019 Gold Medal Service Award Sponsors

FOOTWEAR INSIGHT INDEX

Segment rises 48 percent more than the Dow (+3.35 percent) over the period with 18 stocks rising, including 10 by double digits. The two that decline, Adidas and Deckers, each fall less than 1 percent. Under Armour, which has a new North American president in Stephanie Pugliese is seeing less promotional activity at retail, according to Piper Jaffray. Skechers brand showed up on the runway in seven shows during the 15th Annual STYLE360 celebrity fashion platform. Nike, whose CFO Andrew Campion is added to the board at Starbucks, is naming its sixth newcampus building for brand endorser LeBron James. Genesco will open approximately 30 new stores this year, largely Journeys and Journeys Kidz locations, but it plans to shutter 40 doors without rent concessions or the ability to lower square footage. Adidas is rolling out the fourth  iteration of James Harden’s signature shoe at $130 retail in multiple color ways in October. Crocs hikes prices on various lines at its online store, which should bolster Q4 revenues for the company if they can be maintained. Wolverine’s board approves a new, four-year share repurchase program up to $400 million worth. 
— 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: 137

6.43%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 09/03/19 • Price 09/16/19

ASICS Corp.
7936.T

13.22%

$13.62 • $15.42

Boot Barn
BOOT

15.57%

$31.79 • $36.74

Crocs
CROX

21.99%

$23.28 • $28.40

Designer Brands
DBI

10.00%

$15.40 • $16.94

Genesco
GCO

20.47%

$34.83 • $41.96

Mizuno
8022.T

2.36%

$25.05 • $25.64

Puma
PMMAF

1.31%

$72.55 • $73.50

Shoe Carnival
SKVL

9.68%

$29.74 • $32.62

Steve Madden
SHOO

8.67%

$32.65 • $35.84

VF Corp.
VFC

9.23%

$80.95 • $88.42

Company name
(Ticker Symbol)

% Change over week
Price 09/03/19 • Price 09/16/19

Adidas
addyy

0.81%

$148.99 • $147.79

Caleres
CAL

12.35%

$20.33 • $22.84

Deckers
DECK

0.29%

$145.46 • $145.04

Foot Locker
FL

9.59%

$36.51 • $40.01

GEOX
GEO.MI

5.93%

$1.35 • $1.43

Nike
NKE

3.07%

$84.67 • $87.27

Rocky Brands
RCKY

12.45%

$28.43 • $31.97

Skechers
SKX

15.30%

$31.30 • $36.09

Under Armour
UAA

13.74%

$18.56 • $21.11

Wolverine
WWW

18.75%

$24.80 • $29.45

TOTAL
Week over week

6.43%

$900.26 • $958.12