Retail: 67
0.31%
Retail: 201
1.78%
Monday, February 25, 2019
Volume 3, Issue No. 8

Amer Sports’ Takeover Set for March Completion

Early next month, Amer Sports, the Finnish parent of nine sporting goods brands, including Salomon, Arc’teryx, Wilson and Precor, is expected to be acquired by a consortium consisting of China-based ANTA Sports, FountainWest Partners, Anamered Investments and Tencent Holdings. (Read More)

Quotable

“In Q1, we will continue to manage through certain challenges that materialized in H2/18, including lower demand from some of our international partners centered primarily around Latin America, ongoing challenges in the Saucony business, lower demand in our Wolverine Leathers business and the impact of some industry bankruptcies.”
– Mike Stornant, CFO/Treasurer/SVP for Wolverine World Wide.

Saucony Topline Growth Will Return in H2

Senior management at Saucony's parent Wolverine Worldwide is confident the brand, the company’s third largest, is in the midst of a turnaround that will result in sales growth in the second half of the year. (Read More)

TRADE
Stocks Rise as Higher Tariffs on China Delayed

For the second time since Dec. 1, the U.S. has delayed increasing tariffs on $200 billion worth of Chinese imports that were slated to take effect on March 2. Published reports suggest Pres. Trump is gambling he will be able to hammer out a final deal with China President Xi Jinping. (Read More)

Gildan Streamlines Supply Chain

The apparel giant Gildan, which has reported a 5.7 percent increase in annual revenues to more than $2.9 billion in FY18, began re-organizing its textile and sock production capacity in Q4 in an effort to increase operational efficiencies across its manufacturing base. (Read More)

Wolverine Remains ‘Active Tire Kicker’

The Merrell, Sperry and Saucony parent Wolverine Worldwide confirmed to analysts last week that  it remains very active looking at brands, domestic or international, that might be a strategic fit for the company and further expand its global distribution base. (Read More)

The CEO of Icybreeze talks about the wonder of a portable cooling solution.

Camtrade Names New President

Gene DeCristofaro, a 35-year footwear industry veteran with experience at The Rockport Co., Clarks Companies N.A., Earth Shoes and Dry Dock, is the new president of Camtrade LLC. (Read More)

What’s Hot, What’s New?

adidas Outdoors’ Terra Free Hiker, described as a sneaker boot good for the streets of NYC’s Soho but also the trails of Jackson Hole, hit stores late last week. Available for men in two color ways, the style utilizes a Boost midsole and Continental Rubber outsole for better grip.  (Read More)

The Buzz

Miura Golf tapped Mexico’s Abraham Ancer as its first PGA Tour ambassador. The partnership between the Scottsdale, AZ company and the 61st-ranked world ranked golfer, who has played the brand since 2017, was formally announced during the WGC-Mexico Championship that ended yesterday. (Read More)

Tubes of the Week

Mon, Aug 28, 2017
Vol 1, Issue No. 33
Numbers In Play
The Sports Insight Index is our opinion of what we think are the 30 most important public companies in the industry, 15 vendors and 15 retailers. Space considerations prevent us from tracking more, but we will make changes over time.
Index base of 100 is key to the closing prices of 12/31/14
Retail
Segment reverses course, rising for the first time in three weeks and at a higher rate than the Dow’s 1.1 percent increase for the period with nine stocks up and six down. Of course, nearly 300 basis points of the segment’s more than 4.2 percent gain is attributable to increases by the U.K.’s Sports Direct and JD Fashion. Pentland Group PLC, which owns a 57-percent stake in JD, owns a combined 21.34 percent of U.K. retailer Footasylum with JD. Walmart reported its highest annual U.S. comparable store sales increase in FY18, 3.6 percent, in a decade. Meanwhile, the discount behemoth generated a 40 percent increase in ecommerce sales last year, although gross margin suffered due to the ecommerce growth, its pricing strategy and higher transportation costs. Foot Locker is raising its annual CapX budget by more than 37 percent to $275 million with a focus on store investments, including in Asia, and digital initiatives. Big 5, which operates 436 doors, reports year-end results tomorrow.  
Brands
Segment tops 190 for the first time as nine stocks rise, six decline. What do Jussie Smollett, Roger Stone and Nike have in common? Each one had a bad week. For the Swoosh, it was the Zion Williamson ‘shoe blowing up incident’ during the Duke-UNC game and connection issues with its new $350 retail auto-lacing Adapt BB basketball shoe. The two product snags are not a good look for a company that has historically said, “It’s all about the product.” At Adidas, the brand’s Ultraboost 19 commercial scored a 94.95 out of a 100 in consumer responsiveness, according to AdAge, trailing only a Bud Light spot. Columbia Sportswear, which sold more than $611 million in footwear last year, increased its global FY18 advertising budget by 23 percent to more than $150.3 million. Deckers is reportedly closing its Camarillo, CA distribution center by Aug. 31, laying off the 99 employees who work there. In the run-up to the London Marathon, New Balance (not in INDEX) is providing runners in London free beer through an initiative with fitness app Strava based on how much mileage they accumulate. Wolverine is promising to spend approximately $30 million on revenue-enhancing capital investments this year.  

RETAIL: 59

41.42%

BRANDS: 191

90.95%

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price  2/14/19 • 2/21/19

Big 5 Sporting Goods
(BGFV)

1.77%

$3.96 • $3.89

Sports Direct
LON: SPD

2.11%

$347.84 • $355.18

Camping World
CWH

1.97%

$15.23 • $14.93

Dick's Sporting Goods
DKS

4.12%

$36.37 • $37.87

JD Fashion
jD

7.85%

$573.84 • $618.86

Foot Locker
FL

1.82%

$58.94 • $60.01

Genesco
GCO

2.97%

$44.51 • $45.83

Hibbett Sports
HIBB

0.34%

$17.66 • $17.60

Kohl’s
KSS

1.23%

$66.03 • $65.22

Macy’s
M

2.74%

$25.14 • $24.45

Sportsman’s Warehouse
SPWH

7.60%

$5.79 • $6.23

Shoe Carnival
SCVL

2.43%

$36.27• $37.15

Tilly’s
TLYS

1.02%

$11.81 • $11.69

Walmart
WMT

0.88%

$98.52  • $99.39

Zumiez
ZUMZ

6.77%

$23.50 • $25.09

TOTAL
WEEK OVER WEEK

4.25%

$1,365.41 - $1,423.39

Brand Name
(Ticker Symbol)

% Change over week
Price  2/14/19 • 2/21/19

Acushnet Holdings
GOLF

1.45%

$23.47 • $23.81

adidas
addyy

3.34%

$111.39 • $115.11

Amer Sports
AGPDY

0.89%

$44.71 • $45.11

Callaway
ELY

6.22%

$15.92 • $16.91

Columbia Sportwear
COLM

0.82%

$103.96 • $104.81

Deckers Brands
DECK

0.42%

$142.66 • $143.26

GoPro
GPRO

4.84%

$5.79 • $6.07

lululemon
LULU

4.35%

$154.85 • $148.11

Nautilus
NLS

5.03%

$7.76 • $8.15

Nike
NKE

0.86%

$84.68 • $83.95

Puma
PUMA

4.66%

$515.00 • $539.00

Skechers
SKX

2.34%

$32.84 • $33.61

Under Armour
UA

1.87%

$19.78 • $19.41

VF Corp.
VFC

0.20%

$85.97 • $85.80

Wolverine Worldwide
WWW

6.64%

$38.58 • $36.02

TOTAL
WEEK OVER WEEK

1.57%

$1,387.36 - $1,409.13

Sports Insight Extra Podcast Series