Retail: 59
0.78%
Retail: 180
4.70%
Monday, July 29, 2019
Volume 3, Issue No. 30

Footwear Sourcing
China’s Footwear Dominance Unlikely to Wane for Foreseeable Future

Although its footwear exports have fallen more than 18 percent over the last four years and may hit a decade-low in 2019, China isn’t being upended as the world’s top footwear producer any time soon, according to new sourcing research from the Footwear Distributors and Retailers of America and comments by some attendees at the trade group’s annual Sourcing & Sustainability Summit on Wall Street last week. (Read More)

Outdoor Insight
VFC Puts Another $20 Million Behind FutureLight

FutureLight, the breathable, waterproof technology, being launched this fall in The North Face’s Summit Series and Steep Series of technical garments in sports/outdoor specialty doors, will be bolstered by a $20 million infusion of demand creation dollars from the TNF parent. (Read More)

Quotable

“With the weakness in the Chinese factory operation right now, you’re leaving money on the table. For years, the only way you could get a deal with the factories was through volume. Volume, stability and time commitments. Every year for the last 25 years, it included a little bit more. But here we are now with factories telling us to lower the (unit) price by $2.00, offer better credit terms, fly’em here.”
— Matt Brown, VP of Richlife Footwear in Hong Kong, speaking at the FDRA Sourcing & Sustainability Summit

Outdoor Insight
The Shift is On at Columbia Sportswear

Next week, Columbia will begin delivering the first products from its new footwear platform called Shift, which company President and CEO Tim Boyle describes as a collection targeting younger adults “who don’t want to compromise city-inspired style and athletic comfort for outdoor function.” (Read More)

What’s Hot, What’s New?

Saucony introduces its new trail running shoe, the Mad River TR, MSRP $110, for men and women. Available at Saucony.com and at select running specialty retailers globally, it features an innovative mapped outsole to help guide runners on where to place studs or drainage holes. (Read More)

Business Moves
Black Diamond, Vista Outdoor Cut Staff; Nike Ponders Hurley Sale

SNEWS was among the first outlets to report the elimination of 70 manufacturing positions inside Black Diamond’s Salt Lake City HQ, a 22 percent reduction in the outdoor company’s workforce in the state. Black Diamond is owned by publicly traded Clarus Corp. (Read More)

Retail
Sports Direct’s U.S. Store Sales Rose 9.4 Percent in FY

Bob’s Stores and Eastern Mountain Sports, consisting of 51 locations, generated the equivalent of $174.3 million for U.K. parent and publicly traded Sports Direct for the 12 months ended April 28.  (Read More)

The Buzz: FlipGive, New Balance, Asics, Saxx

FlipGive, a free team funding app launched in 2016 where cash back is earned on team purchases, secures $5 million in Series A funding from iGan Partners and FJ Labs that will help the Toronto-based company accelerate growth across the U.S. and Canada. (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 increases more than 1.3 percent as nine stocks rise, led by Zumiez, and six decline. Consumers increased spending by 4 percent in Q2, but GDP for the April-June period rose only 2.1 percent. Manufacturers were negatively impacted by tariffs and slower international demand. Big 5, scheduled to report next quarterly results on July 30, fell more than 7 percent for the period and 11 percent for the week ended July 26. Foot Locker intends to drop the Milan, Italy iteration of Adi’s AM4 shoe, only 500 pairs, on July 31. Hibbett is utilizing software from knowledge supply chain platform Myagi, aiming to provide better training, communication and product knowledge to its retail employees. Zumiez appoints Liliana Gil Valletta, Co-founder and CEO of Cient and Culturintel to its board. Her firms offer big-data analytics and marketing solutions to companies aiming to turn cultural trends into business opportunities. Google (not on Index) launches a new shopping platform offering personal recommendations if consumer is logged into his/her account. Among the options—the site can direct a consumer in the direction of a local physical retail store carrying the sought-after item. U.S. Treasure Sec. Steven Mnuchin tells CNBC that Amazon (not on Index) “destroyed” the retail industry when pitching an antitrust investigation into large U.S. tech firms. Walmart wants at least 10 percent of its home office employees in Bentonville, AR to commute to work on bicycle by 2023. Macy’s intends to build an 800-foot store on top of its Herald Square, New York City flagship to rent out office space. Sports Direct generated more than $174 million in sales from 51 U.S. doors (Bob’s and EMS) for the 12 months ended April 28 (See story).
Brands
Segment outperforms Dow for second consecutive week, rise more than 1.2 percent versus the Dow’s less than a half percent slide. Eleven stocks rise, led on a percentage basis by Skechers and Yeti. VF Corp.’s Vans brand realized 20 percent global sales growth and 22 percent in the Americas for the three months ended June 30. VFC has raised its FY outlook for the following segments—Active (10-11%), Outdoor (6-7%), U.S. (6-7%), DTC (11-13%) and Wholesale (4-5%). Columbia Sportswear has reduced the promotional activity around prAna and made changes to the brand’s marketing and catalog programs. PrAna’s sales dipped 1 percent in H1. Deckers’ UGG brand gained a “significant” Q1 revenue contribution from its new Fluff collection. Meanwhile, DECK’s Hoka One One brand grew Q1 topline 69 percent. Brand introduced Clifton 6 in June, which company says is ranked first or second in nearly all U.S specialty running accounts. Hoka is also said to be gaining traction in international markets. Nike, according to its recently filed 10-K, utilizes 112 factories across 12 countries for its footwear production with Vietnam accounting for 49 percent of the volume, followed by China (23%) and Indonesia (21%). On the apparel side, NKE uses 334 contracted factories in 36 countries led by China (27%), Vietnam (22%) and Thailand (10%).

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 07/18/19 • 07/25/19

Big 5 Sporting Goods
(BGFV)

7.03%

$1.85 • $1.72

Sports Direct
LON: SPD

5.18%

$283.11 • $297.77

Camping World
CWH

2.43%

$10.69 • $10.95

Dick's Sporting Goods
DKS

1.22%

$37.58 • $37.12

JD Fashion
jD

0.53%

$764.79 • $768.81

Foot Locker
FL

0.83%

$42.35 • $42.70

Genesco
GCO

0.50%

$40.11 • $39.91

Hibbett Sports
HIBB

8.09%

$20.03 • $18.41

Kohl’s
KSS

5.21%

$48.58 • $51.11

Macy’s
M

5.71%

$21.55 • $22.78

Sportsman’s Warehouse
SPWH

5.73%

$4.36 • $4.11

Shoe Carnival
SCVL

2.59%

$27.00 • $26.30

Tilly’s
TLYS

3.88%

$8.00 • $8.31

Walmart
WMT

2.14%

$114.27 • $112.72

Zumiez
ZUMZ

7.93%

$23.83 • $25.72

TOTAL
WEEK OVER WEEK

1.34%

$1,448.55 - $1,467.99

Brand Name
(Ticker Symbol)

% Change over week
Price 07/18/19 • 07/25/19

Acushnet Holdings
GOLF

2.41%

$26.56 • $25.92

adidas
addyy

0.97%

$159.18 • $157.64

Callaway
ELY

0.93%

$18.20 • $18.37

Columbia Sportwear
COLM

0.84%

$104.15 • $105.03

Deckers Brands
DECK

0.68%

$176.83 • $177.58

GoPro
GPRO

6.93%

$5.05 • $5.40

lululemon
LULU

0.96%

$189.39 • $191.21

Nautilus
NLS

17.59%

$2.16 • $1.78

Nike
NKE

0.18%

$87.44 • $87.28

Puma
PUMA

0.22%

$64.88 • $65.02

Skechers
SKX

13.35%

$34.84 • $39.49

Under Armour
UA

0.84%

$23.91 • $24.11

VF Corp.
VFC

2.51%

$87.16 • $89.35

Wolverine Worldwide
WWW

1.85%

$27.08 • $27.58

Yeti
‍‍YETI

10.96%

$32.20 • $35.73

TOTAL
WEEK OVER WEEK

1.24%

$1,038.58 - $1,051.49

RETAIL: 60

39.59%

BRANDS: 189

88.52%

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

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