Retail: 60
1.34%
Retail: 189
1.24%
Monday, May 13, 2019
Volume 3, Issue No. 19

Higher Tariffs: The New Normal?

While the footwear, outdoor and sporting goods industries collectively braced for the real possibility of higher tariffs on products imported to the U.S. from China, experts forecasted retaliation from China after the two countries failed to reach a trade accord last week.  (Read More)

Fitness
Brunswick Fitness Sold; Nautilus Overhauling Direct Biz

Two years after agreeing to acquire TaylorMade Golf from Adidas for $425 million, New York private equity firm KPS Capital Partners agreed to acquire Brunswick’s fitness equipment unit, led by Life Fitness, for $490 million cash. (Read More)

Podcast
Okabashi CEO Sara Irvani

The 31-year-old leader of the family-owned footwear company talks ‘Made in the USA,’ sustainability and the Buford, GA firm’s recent deals with J. Crew and Target.

Textile Insight
Unifi Fights Chinese Imports; Tightens Cost Structure

The REPREVE parent, which is tightening its organizational structure and cutting costs in its North and Central American operations, is fighting back against yarn import dumping from China and India. (Read More)

Quotable

“We have less Gander outdoors locations opened at the end of the first quarter than we did at the end of the fourth quarter… and if we have locations that are not profitable, we may —we will not allow those to exist as we move forward. We are not in the business of operating any kind of location regardless of what it sells that doesn’t contribute to the Company.”
— Marcus Lemonis, CEO of Camping World

Footwear Insight
Asics Reports Q1 Loss; Wolverine’s Mixed Bag from Brands

Thanks to a better performance running performance, Asics North America reported a 4.2 percent increase in Q1 revenues to the equivalent of $180.3 million. But the region suffered a loss of nearly $13.5 million, which the Japanese parent blamed on less marketing in the period ended March 31 and “a deteriorated costs of sales ration.” (Read More)

Outdoor/Golf
Callaway Dims Wolfskin’s FY19 Outlook; Acushnet Preps H2 Launches

Preparing to launch the premium, European outdoor brand in North America sometime between Q2 and Q3 of 2020, Callaway last week lowered its FY19 sales and EBITDA outlook for the Jack Wolfskin business it purchased for... (Read More)

Executive Moves
REI Names Eric Artz, President and CEO

The seven-year veteran of the national co-operative, who has been serving as interim CEO since February, is promoted to president and CEO. Prior, Artz, an Army veteran and Pennsylvania native, was both REI’s COO and CFO. (Read More)

The Buzz: Black Diamond, Crocs, Hari Mari, Hydro Flask

Black Diamond may get an Olympic-size lift in 2020; Crocs clogs are in demand; Hari Mari teams with J. Crew; plus more buzz from around the industry. (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.
Retail
Segment declines nearly 1 percent during the period as 10 stocks drop and only five gain. Sports Direct, parent of Bob’s Stores and EMS, is closing a Manchester area warehouse in its native U.K. on June 13, resulting in 300 job cuts. Kohl’s reports Q1 results tomorrow. Foot Locker and Under Armour are two companies among 50 cited by Barclays as being exposed to negative effects of the U.S. China trade war. Camping World ended Q1 with a 4 percent increase in inventory versus 11 percent in Q1/18 as it worked aggressively to move overstocked and slower-moving products during the period. Walmart is discontinuing its Savings Catcher price match program on May 14. Tilly’s donates 100 percent of the proceeds from its annual charity golf tournament, nearly $200,000, to its namesake Tilly’s Life Center in So. California that empowers teens to overcome adversity by using a number of coping techniques.  
Brands
Segment declines less than 1 percent, a better performance than the Dow, which against the backdrop of increased tariffs on Chinese goods, fell more than 2 percent for the week. Four stocks rose and 11 fell with Nautilus (see story elsewhere in SIX) and Wolverine as the biggest percentage decliners. WWW experienced a 4 percent drop in U.S. pairs in Q1 after seven consecutive quarterly gain, and weak boat sales from its Sperry brand during the period. Yeti, whose Q1 revenues rose 15 percent as gross margins expanded 700 basis points, will open company stores in Charleston, SC, Chicago and Denver later this year. Company’s go-forward strategy is to open 4- to 6 retail locations. Nike has leaned on its one-year acquisition, Tel Aviv-based Invertex, to develop and introduce Nike Fit at all Nike retail locations starting in July. The augmented reality technology allows for measurement of the foot via a mobile device scan. Puma will utilize Selligent Marketing Cloud technology to automate its digital marketing platform—offering everything from integration of a local language to providing local inventory levels for a particular product. Callaway is now forecasting annual sales growth for its Jack Wolfskin business to be 4-6 percent lower than its previous estimate calling for 2019 total revenues of $382 million.

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 05/02/19 • 05/09/19

Big 5 Sporting Goods
(BGFV)

1.67%

$2.39 • $2.35

Sports Direct
LON: SPD

2.72%

$387.12 • $376.59

Camping World
CWH

16.80%

$14.46 • $12.03

Dick's Sporting Goods
DKS

0.39%

$36.02 • $36.16

JD Fashion
jD

0.19%

$806.30 • $807.87

Foot Locker
FL

1.88%

$55.82 • $56.87

Genesco
GCO

4.20%

$43.80 • $45.64

Hibbett Sports
HIBB

2.09%

$20.59 • $21.02

Kohl’s
KSS

2.52%

$70.14 • $68.37

Macy’s
M

3.12%

$23.43 • $22.70

Sportsman’s Warehouse
SPWH

0.91%

$4.41 • $4.37

Shoe Carnival
SCVL

5.29%

$35.72 • $33.83

Tilly’s
TLYS

1.76%

$11.90 • $11.69

Walmart
WMT

1.59%

$101.15 • $99.54

Zumiez
ZUMZ

4.19%

$25.79 • $24.17

TOTAL
WEEK OVER WEEK

0.93%

$1,639.04 - $1,623.74

Brand Name
(Ticker Symbol)

% Change over week
Price 05/02/19 • 05/09/19

Acushnet Holdings
GOLF

2.75%

$25.43 • $24.73

adidas
addyy

11.15%

$127.80 • $142.05

Callaway
ELY

0.58%

$17.11 • $17.01

Columbia Sportwear
COLM

2.51%

$99.22 • $96.73

Deckers Brands
DECK

5.90%

$158.22 • $148.89

GoPro
GPRO

13.63%

$5.87 • $6.67

lululemon
LULU

1.61%

$176.55 • $173.71

Nautilus
NLS

22.22%

$5.40 • $4.20

Nike
NKE

2.69%

$82.98 • $85.27

Puma
PUMA

1.13%

$605.00 • $611.85

Skechers
SKX

6.34%

$31.40 • $29.41

Under Armour
UA

3.83%

$20.39 • $19.61

VF Corp.
VFC

0.16%

$93.89 • $94.04

Wolverine Worldwide
WWW

14.28%

$37.04 • $31.75

Yeti
‍‍YETI

8.27%

$30.94 • $28.38

TOTAL
WEEK OVER WEEK

0.49%

$1,519.53 - $1,512.01

RETAIL: 67

33.18%

BRANDS: 202

101.78%

Index base of 100 is key to the closing prices of 12/31/14

Sports Insight Extra Podcast Series