Retail: 60
1.34%
Retail: 189
1.24%
The next issue of Sports Insight Extra will be published on Tuesday, May 28
Monday, May 20, 2019
Volume 3, Issue No. 20

Industry Prepares, Braces For Higher Tariffs

The sporting goods and outdoor industries have started laying the groundwork to manage or block higher duties on items produced by their respective members following Pres. Trump’s proposal last week to enact a fourth round of punitive tariffs on $300 billion worth of Chinese imports. (Read More)

New Balance Focuses on Speed, Energy Return with FuelCell

New Balance is rolling out a new performance running footwear platform, FuelCell, next month. Two years in development by the company’s Innovation Design Studio, the idea behind the concept is to make fast athletes faster. (Read More)

Podcast
New Balance athletes, designers and VP of Running

Catching up with athletes Jenny Simpson, Jake Wightman, VP of Running Tom Carleo and designers Drew Nyssen and Drew Spieth during New Balance’s global FuelCell launch in Brooklyn, NY.

Footwear Insight
Mizuno Returns Americas to Operating Profit in FY18

After three consecutive years of operating losses, Mizuno generated a small profit (approx. $1.45 million) in the Americas in FY18 despite a 13.5 percent topline decline to the equivalent $162.9 million. (Read More)

Quotable

“…The big one is really if there is a fourth [tariff] tranche that’s put into effect. If that goes into effect, it’s over $300 billion. So it’s going to affect a lot of the apparel and accessory categories that are coming in…Looking at all those categories and those brands that are included, it is hard to do the math to find a path that gets you to a place where you don’t have a customer impact.”
— Jeff Gennette, Chairman and CEO of Macy’s, Inc.

Retail
Slower Tax Refunds, Weather Impact April Sales

Year-over-year U.S. retail sales in April rose 3.1 percent, but were down 0.2 percent from March, according to monthly data released by the U.S. Census Bureau last week. (Read More)

Executive Moves
Skechers Adds First Woman to Board

Katherine Blair, a Los Angeles lawyer for more than two decades, was named an independent director at Skechers to become the first woman on the 10-member panel joining Chairman and CEO Robert Y. Greenberg, President Michael Greenberg and COO David Weinberg among others. (Read More)

What’s Hot, What’s New?

FILA is introducing two new tennis collections, the men’s Legend and the women’s Heritage, at the French Open in Paris that runs from today through June 9. (Read More)

The Buzz

Amy Sport, a stylish, high-performance sportswear brand for petite women, receives a strategic investment from Patricia Grundhofer, who has joined the Palm Desert, CA company as VP of business development. (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 slips less than 1 percent despite 11 stocks falling against the Dow’s 0.23 percent gain for the period. Camping World gained 2 percent for the week but took a hit Friday on a KeyBanc downgrade citing concerns over costs and the company’s Gander business. Macy’s is expanding its Growth50store fleet to the Growth 150 this year and expanding its Backstage, on-mall off-price format by another 50 doors. Walmart intends to offer one-day shipping to approximately 75 percent of the U.S. by year-end. The service, aimed at rivalling Amazon’s one-day service for its Prime members, is commencing in Phoenix, Las Vegas and Southern California with one-day availability on approximately 220,000 items. Kohl’s, which reports Q1 results tomorrow, will likely get upside value and sales from its relationship with Planet Fitness, according to Yougov.com. An estimated 39 percent of shoppers at the department store and 40 percent of PF members agree with: “Working out to stay fit is important to me.” Nearly 60 percent of PF customers are in the market for new footwear and apparel over the next three months, which bodes well for the chain’s activewear focus. Foot Locker secured an upgrade to buy from neutral by B. Riley on Friday, citing improvement in the retailer’s core footwear and international businesses. FL reports Q1 results on Friday.
Brands
Segment dips more than 1.5 percent to take its Index score below 200. Nike and Adidas were talking climate change and sustainability last week as more clarity and outrage over tariffs on Chinese imports emerged. The Swoosh, which is partnering with the Global Fashion Agenda and the United Nations Framework Convention on Climate Change’s Fashion Industry Charter, says it has recycled 6.4 million plastic bottle since 2010 and uses 75 percent renewable energy across all of its owned facilities. The Three Stripes, meanwhile, has reportedly been discussing ways to motivate its shoppers to be more environmentally-minded, perhaps through a value system placed on items they purchase. Lululemon had its target price raised to $165 by B. Riley. Meanwhile, Under Armour received an upgrade to overweight on Friday by JPMorgan and subsequently received a 7 percent price lift. The investment house said it was impressed with the Baltimore company’s disciplined approach to improving operations and decision to focus on the performance market instead of chasing more fickle athleisure consumers. GoPro will begin producing products for the U.S. market in Guadalajara, Mexico next month to avoid any issues of rising tariffs on imports from China. But the company will continue to source products in China for other markets worldwide.

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 05/09/19 • 05/16/19

Big 5 Sporting Goods
(BGFV)

8.51%

$2.35 • $2.55

Sports Direct
LON: SPD

1.15%

$376.59 • $372.27

Camping World
CWH

2.00%

$12.03 • $12.27

Dick's Sporting Goods
DKS

0.30%

$36.16 • $36.05

JD Fashion
jD

0.05%

$807.87 • $808.25

Foot Locker
FL

2.46%

$56.87 • $55.47

Genesco
GCO

0.20%

$45.64 • $45.55

Hibbett Sports
HIBB

5.52%

$21.02 • $19.86

Kohl’s
KSS

6.73%

$68.37 • $63.77

Macy’s
M

5.29%

$22.70 • $21.50

Sportsman’s Warehouse
SPWH

5.95%

$4.37 • $4.11

Shoe Carnival
SCVL

1.68%

$33.83 • $33.26

Tilly’s
TLYS

3.93%

$11.69 • $11.23

Walmart
WMT

1.78%

$99.54 • $101.31

Zumiez
ZUMZ

9.15%

$24.17 • $22.45

TOTAL
WEEK OVER WEEK

0.85%

$1,623.74 - $1,609.90

Brand Name
(Ticker Symbol)

% Change over week
Price 05/09/19 • 05/16/19

Acushnet Holdings
GOLF

1.01%

$24.73 • $24.48

adidas
addyy

1.41%

$142.05 • $140.05

Callaway
ELY

6.11%

$17.01 • $15.97

Columbia Sportwear
COLM

1.08%

$96.73 • $97.77

Deckers Brands
DECK

2.95%

$148.89 • $144.50

GoPro
GPRO

7.95%

$6.67 • $7.20

lululemon
LULU

1.78%

$173.71 • $176.80

Nautilus
NLS

16.90%

$4.20 • $3.49

Nike
NKE

1.57%

$82.98 • $84.28

Puma
PUMA

2.64%

$611.85 • $595.70

Skechers
SKX

3.57%

$29.41 • $28.36

Under Armour
UA

11.58%

$19.61 • $21.88

VF Corp.
VFC

2.91%

$94.04 • $91.30

Wolverine Worldwide
WWW

6.43%

$31.75 • $29.71

Yeti
‍‍YETI

3.10%

$28.38 • $27.50

TOTAL
WEEK OVER WEEK

0.49%

$1,519.53 - $1,512.01

RETAIL: 67

33.75%

BRANDS: 199

98.70%

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

Sports Insight Extra Podcast Series