Retail: 60
1.34%
Retail: 189
1.24%
Tuesday, May 28, 2019
Volume 3, Issue No. 21

Footwear Insight
Hoka One One is Shining Star for Deckers

Fueled by four key styles and ongoing product diversification to broaden its consumer base, HOKA generated a 45 percent annual sales increase in FY19 to $223 million that included 33 percent topline expansion to $57 million in Q4 ended March 31. (Read More)

Vans Should Surpass $4 Billion in FY20, $5 Billion by FY23

The brand will represent more than one-third of reshaped parent VF Corp.’s overall revenues this fiscal year. Nonetheless, Wall Street was concerned by VFC’s “low double-digit” growth forecast for Vans in FY20 after the brand generated 26 percent topline growth... (Read More)

Podcast
Heartbreak Hill Running Co. Co-Founder, President Dan Fitzgerald

Serving Boston’s diverse running community to Dan Fitzgerald is more about overdelivering services and less about simply selling stuff. The Heartbreak Hill Running Co. Co-Founder and president weighs in on the run specialty market, Beantown’s running scene and expansion for his current three-door specialty chain.

Retail
Winners, Losers and Key Takeaways in Wild Week

First quarter results for retailers were all over the map. Foot Locker shares took a more than 16 percent hit Friday after the retailer’s same store sales and EPS failed to meet Street expectations. (Read More)

Quotable

“We’re been very purposeful over the last 24 months to reshape our portfolio to align with our long-term growth aspirations…What you see today is who we intend to be. Now, M&A remains the number one capital allocation priority that we have. We have the means to do that. We will be very rigorous, very thoughtful and disciplined.”
— Steven Rendle, President and CEO of VF Corp.

Brooks Running Suffers Growing Pains with New DC

The top brand in the running specialty channel continues facing delivery challenges due to woes associated with its new North American distribution center, forcing its retail partners to scramble to assuage special-order Brooks’ customers and sometimes complete Brooks’ fill-in orders with running styles from other companies. (Read More)

What’s Hot, What’s New?

Tifosi is out with its latest cycling sunglass, the Aethon (MSRP: $69.95), available in four colors. The wraparound, wide lenses offer optimal, peripheral vision for riders. (Read More)

The Buzz: Modell's, Delta Apparel, Fanatics

Modell’s will open 10 smaller locations across New York City this year, ranging between 5,000 and 8,000 sq. ft., according to The Real Deal. (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
Brutal week, although there were some stellar performers as many retailers reported Q1 results. Segment fell nearly 5 percent for period with DKS and WMT as the only gainers and 13 decliners, led by KSS and SCVL. It was a particularly bad week for department stores as Kohl’s and JCPenny (not on Index) reported disappointing results. JCP says it’s “working to re-establish the fundamentals of retail.” Stein Mart (not on Index) will install Amazon Hub Lockers in nearly 200 of its stores as Kohl’s expands its Amazon return location program to all doors. Foot Locker fell nearly 4.8 percent for the period but declined almost 16.8 percent on May 25 after reporting Q1 results that did not meet Street expectations. Hibbett reported 5.1 percent comparable store sales growth in the period with monthly results getting stronger as the quarter progressed. Walmart plans to construct a new, 350-acre campus in Northwest Arkansas with plans to open it in phases between 2020 and 2024. Tilly’s snares a “buy” from B. Riley.
Brands
Segment decline is lower than Dow for the period, although only three stocks rise and 12 decline. VF Corp. successfully spins off its jeans segment, Wrangler and Lee, into the publicly-traded Kontoor Brands. Says cost of goods sourced directly from China to U.S., post spin-off, is 7 percent. After Foot Locker reported Q1 results, the Street’s outlook for the company is all over the map. Bullish Cannaccord Genuity puts a “buy” on FL shares with a $81.00 price target; Morgan Stanley now rates FL as “underweight” with a $40.00 price target; and Deutsche Bank maintains its “buy” rating but with a lower price target of $68.00 versus $82.00 previously. Under Armour opened a 1.3 million sq. ft. DC—the Omni Distribution House—earlier this month in Baltimore. Deckers topped the $2 billion mark in FY19 revenues as operating income hit 16.2 percent. UGG annual sales were 2 percent higher at $1.533 billion with domestic wholesale and ecommerce accounting for the majority of the increase. Nike, apparently looking for an edge with young gamers, is tied into season nine of Epic Games’ Fortnite series. Players can buy Jordan brand avatars and have a means to purchase kicks from the Swoosh. Adidas “Recon” pack of 10 restyled Classics from the Three Stripes, including the Stan Smith, hits June 1. Street is forecasting a 16.5 percent increase in quarterly revenues to slightly more than $757 million when Lululemon reports results this week.

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 05/16/19 • 05/24/19

Big 5 Sporting Goods
(BGFV)

7.45%

$2.55 • $2.36

Sports Direct
LON: SPD

4.91%

$372.27 • $353.98

Camping World
CWH

8.80%

$12.27 • $11.19

Dick's Sporting Goods
DKS

1.97%

$36.05 • $36.76

JD Fashion
jD

4.23%

$808.25 • $774.05

Foot Locker
FL

4.76%

$55.47 • $52.83

Genesco
GCO

6.37%

$45.55 • $42.65

Hibbett Sports
HIBB

0.20%

$19.86 • $19.82

Kohl’s
KSS

19.81%

$63.37 • $51.14

Macy’s
M

1.12%

$21.50 • $21.26

Sportsman’s Warehouse
SPWH

3.65%

$4.11 • $3.96

Shoe Carnival
SCVL

18.34%

$33.26 • $27.16

Tilly’s
TLYS

6.95%

$11.23 • $10.45

Walmart
WMT

0.53%

$101.31 • $101.85

Zumiez
ZUMZ

6.86%

$22.45 • $20.91

TOTAL
WEEK OVER WEEK

4.94%

$1,609.90 - $1,530.37

Brand Name
(Ticker Symbol)

% Change over week
Price 05/16/19 • 05/24/19

Acushnet Holdings
GOLF

0.57%

$24.48 • $24.34

adidas
addyy

3.56%

$140.05 • $145.03

Callaway
ELY

7.51%

$15.97 • $14.77

Columbia Sportwear
COLM

1.16%

$97.77 • $96.64

Deckers Brands
DECK

2.11%

$144.50 • $147.55

GoPro
GPRO

0.69%

$7.20 • $7.15

lululemon
LULU

3.73%

$176.80 • $170.20

Nautilus
NLS

15.76%

$3.49 • $2.94

Nike
NKE

1.96%

$84.28 • $82.36

Puma
PUMA

0.10%

$595.70 • $596.30

Skechers
SKX

0.85%

$28.36 • $28.12

Under Armour
UA

4.75%

$21.88 • $20.84

VF Corp.
VFC

7.92%

$91.30 • $84.07

Wolverine Worldwide
WWW

2.79%

$29.71 • $28.88

Yeti
‍‍YETI

0.40%

$27.50 • $27.39

TOTAL
WEEK OVER WEEK

0.82%

$1,488.99 - $1,476.85

RETAIL: 63

37.02%

BRANDS: 197

97.08%

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

Sports Insight Extra Podcast Series