1.14%
Wednesday, JuLY 17, 2019
Volume 2, Issue No. 13

3 Questions with Dansko CEO Jim Fox

When Jim Fox stepped into the CEO position at Dansko on the first of the year, he knew he was filling big shoes. The longtime CFO for the West Grove, PA-based comfort brand is the first person to serve in the top spot after taking over from founder  Mandy Cabot...
Read the full story.

Obituary
Athletic Shoe Pioneer Jerry Turner

Jerry Turner, the American Sporting Goods founder and former president of Brooks, died July 9. During his 60-year career in the athletic footwear space, Turner made an indelible mark on the athletic footwear business.
Read the full story.

Podcast
Mary Steinebrunner, GM of Dunlop Protective Footwear

After nearly two decades in the business, Mary Steinebrunner is still in love with the protective footwear industry. And she’s always thinking about what might come next for her company...
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Personalized Email Marketing on Rise

Retail investment in personalized email content is projected to rise 40 percent in 2019, and 45 percent of retailers will spend to expand their mobile marketing efforts to include push and in-app notifications, according to a new report from Cordial.com.
Read the full story.

PHIT Act Gains New Traction in U.S. House

Lead sponsors of the Personal Health Investment Today (PHIT) Act, Reps. Ron Kind (D-WI) and Mike Kelly (R-PA), recently sent letters to all members of the House seeking additional support for the bill...
Read the full story.

In the News
Deckers Brands-owned Teva; Italian footwear

Deckers Brands-owned Teva has released a collection of kids and toddler sandals tied to its collaboration with the 50th anniversary of “The Very Hungry Caterpillar” by Eric Carle.
Read the full story.

Wednesday, July 3, 2019
Volume 2, Issue No. 12

Arizona Governor Pulls Incentives for Nike Factory in Shoe Row

Nike’s plans to reportedly invest a minimum of $185 million into a new Goodyear, AZ, facility for its Air Manufacturing Innovation subsidiary saw a new development on Tuesday when Arizona Governor Doug Ducey announced on Twitter that...
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Truce Called in China Tariff War

After weeks of industry worry and weeks of testimony against the placement of additional duties on $300 billion worth of China-produced merchandise — including footwear — imported in the U.S., the Trump Administration agreed Saturday to delay any action and continue negotiations with the country’s largest trading partner.
Read the full story.

New Balance Bets on 3-D, New Factory

New Balance’s sixth factory, slated to open in Methuen, MA in 2020 with 60 new employees, will focus on R&D, advanced manufacturing techniques and 3-D printing. Chairman Jim Davis told the Boston Globe that the $33 million, 80,000-sq.-ft. facility — for which the Boston company is receiving $900,000 in state tax credits and $272,000 in property tax relief — is the “factory of the future.”
Read the full story.

In the News
BTS Tax Holidays, Topsports Files IPO, StockX Secures Series C Funding

The annual back-to-school sales tax holidays, which generally offer shoppers no state sales taxes on the first $100 of any footwear or apparel purchase, have been set in 16 states for this year. Alabama, Mississippi and Tennessee will hold their weekends in...
Read the full story.

FOOTWEAR INSIGHT INDEX

Segment rises more than 1.1 percent as 17 stocks rise and three decline, but trails the Dow’s nearly 2.1 percent increase for the period. Under Armour is reportedly developing a “smart sneaker” that will track a wearer’s blood pressure while working out, according to June 25 patent applications filed by the company. Crocs lands an upgrade to “overweight” from Piper Jaffray on brand growth from innovation and collaboration. Nike is going forward with its $184-million Air sole factory in Goodyear, AZ that will employ an estimated 500, despite political pushback on offered tax incentives after the “Betsy Ross flag” shoe controversy. Boot Barn is downgraded to “neutral” by Citi, two weeks after shares rose 109 percent during H1. Susquehanna, meanwhile, initiated BOOT coverage at neutral, citing elevated inventory levels and inconsistent store service between organically opened stores and acquired locations as potential pitfalls. Designer Brands, previously known as DSW, Inc., is named a Winning “W” company by 2020 Women on Boards for having 20 percent of its board of directors consist of women before 2020. Also, DSW is ranked 27th on Forbes’ annual Best Employers for Women 2019 list. Skechers endorsers score big with Brooke Henderson snaring an ESPY for “Best Female Golfer” and CBS broadcaster Tony Romo winning a celebrity golf tournament wearing the brand’s GoGolf Pro 4 shoe. — 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: 139

1.14%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 07/01/19 • Price 07/15/19

ASICS Corp.
7936.T

0.45%

$11.06 • $11.11

Boot Barn
BOOT

7.67%

$35.86 • $33.11

Crocs
CROX

9.70%

$20.42 • $22.40

Designer Brands
DBI

4.63%

$19.01 • $18.13

Genesco
GCO

0.86%

$42.07 • $42.43

Mizuno
8022.T

0.35%

$23.01 • $23.09

Puma
PMMAF

1.23%

$64.32 • $65.11

Shoe Carnival
SKVL

0.76%

$27.77 • $27.99

Steve Madden
SHOO

2.68%

$33.92 • $33.01

VF Corp.
VFC

0.08%

$88.33 • $88.40

Company name
(Ticker Symbol)

% Change over week
Price 07/01/19 • Price 07/15/19

Adidas
addyy

1.17%

$155.04 • $156.85

Caleres
CAL

1.73%

$19.64 • $19.30

Deckers
DECK

0.32%

$175.79 • $176.35

Foot Locker
FL

0.54%

$42.34 • $42.11

GEOX
GEO.MI

8.16%

$1.47 • $1.59

Nike
NKE

4.75%

$85.41 • $89.47

Rocky Brands
RCKY

6.85%

$27.46 • $29.34

Skechers
SKX

6.37%

$32.19 • $34.24

Under Armour
UAA

9.42%

$25.15 • $27.52

Wolverine
WWW

1.38%

$27.61 • $27.23

TOTAL
Week over week

1.14%

$957.88 • $968.78