Retail: 67
11.89%
Retail: 186
1.67%
Monday, August 05, 2019
Volume 3, Issue No. 31

China Tariff Pressure Escalates Yet Again

Against the advice of three top economic advisers and the pleas of retail and industry executives, Pres. Trump ramped up the ongoing U.S.-China trade war late last week with a declaration that 10 percent tariffs will be levied against an estimated $300 billion worth of Chinese imports, or “List 4” products on Sept. 1. (Read More)

Footwear Insight
Puma Gets Lift From Basketball; Under Armour Sees Lower N.A. Sales

Puma CEO Bjorn Gulden believes the company’s decision to the enter the basketball category again last year has improved the brand’s sell-through rates and overall shelf space in the U.S., but he admits the Cat “ is just scraping the surface” on what it could eventually do. (Read More)

Quotable

“In the last three years as I said, we’ve been in this real operational mode, but we believe that operational strength is what will truly unlock our creative stroke…We understand more than anything that North America is the straw that serves the drink that happens around the world and globe…which is why Patrik (Frisk) has been so intent on getting close to North America and understanding what’s happening here.”
— Kevin Plank, Chairman and CEO of Under Armour

Apparel
Champion Sales Should Top $1.8 Billion This Year

Parent Hanesbrands remains bullish on the brand’s growth prospects for the remainder of 2019 and into 2020, citing strong visibility on Champion’s H2 bookings for activewear and innerwear and expected accelerated brand expansion next year in China through 50 more bannered stores and a new online presence. (Read More)

Retail
Mixed Signals: High Consumer Confidence, Modest Sales Growth

Trade is but one issue impacting the U.S. economic outlook and the sporting goods industry at large. Based on an Aug. 1 tweet from Pres. Trump, 10 percent tariffs will be levied on the remaining $300 million worth of Chinese imports on Sept. 1, including footwear and apparel. (Read More)

The Buzz: Amy Sport, Augusta Sportswear, TYR Sport

Amy Sport, a sportswear brand for the active lifestyles of petite women from three-year old Spitfire Petite, Inc., strikes a year-long strategic marketing partnership with the So. California PGA Section, designed to increase brand visibility and connections to 1,700+ PGA members. (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 as 13 stocks fall for the period, led on a percentage basis by Zumiez and Shoe Carnival. On the acquisition front, Sports Direct is reportedly in line to acquire U.K. retailer Jack Wills out of bankruptcy. Ailing Wills has over 100 doors worldwide, including 10 in the U.K. Big 5, whose shares jumped above the $2.00 level again during the period, has mid-single digit comp sales growth in June that was fueled by strong demand for ammunition in California ahead of new July 1 legislation in the state. The chain’s merchandise margins were down 80 basis points in the quarter. Dick’s new private label brand, DSG, debuted Aug. 1 with retail prices ranging of $15-40. One percent of all DSG purchased will be donated to the retailer’s foundation to support youth sports programs. Kohl’s has tapped country music star Brett Young as the face of its Back-To-School campaign. Genesco promotes five-year company veteran Randy Cucerzan to VP of vendor management. Camping World will report Q2 results on Aug. 2.
Brands
Segment declines 4.7 percent with 13 of 15 stocks falling. Adidas and Puma, which is opening a NYC flagship on Fifth Avenue this month and a new distribution hub outside Indianapolis in 2020, are the only gainers. Under Armour and Nautilus each fall more than 20 percent for the period. UAA reported a 3 percent drop in Q3 North American revenues and projected the region’s FY sales will be down 3-4 percent. Callaway will open a new national distribution center in Alliance, TX in Q1/2020, allowing the company to consolidate omnichannel fulfillment for its Callaway, Odyssey, OGIO, TravisMathew and Jack Wolfskin brands. Nike’s new VP of marketing for North America, effective today, is Adrienne Lofton, formerly of Under Armour and Levi Strauss, with David Creech, the former VP of design for Brand Jordan, moving into a newly created post as VP for Brand Creative in North America. GoPro reduced its Q2 loss by nearly 70 percent as period revenues rose 3 percent. Yeti Q2 revenues rose 12 percent, fueled by 43 percent in the Direct-To-Consumer channel. Just in time for Back To School, company says its new GoBox and Daytrip premium lunch bag have surpassed early expectations. Later this month, Nautilus will launch MaxTotal, featuring a built-in digital screen to complement an upgraded digital platform. Fitness company also intends to move its new digital platform to Bowflex treadmills in Q3 and launch next-generation spin bikes with digital connectivity. Adidas reports H1 results on Thursday.

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 07/25/19 • 08/01/19

Big 5 Sporting Goods
(BGFV)

21.51%

$1.72 • $2.09

Sports Direct
LON: SPD

6.02%

$290.37 • $272.89

Camping World
CWH

1.37%

$10.94 • $11.09

Dick's Sporting Goods
DKS

6.09%

$37.12 • $34.86

JD Fashion
jD

3.63%

$749.72 • $776.91

Foot Locker
FL

7.93%

$42.73 • $39.34

Genesco
GCO

8.14%

$39.91 • $36.66

Hibbett Sports
HIBB

4.94%

$18.41 • $17.50

Kohl’s
KSS

2.84%

$51.11 • $49.65

Macy’s
M

6.85%

$22.78 • $21.21

Sportsman’s Warehouse
SPWH

0.49%

$4.11 • $4.09

Shoe Carnival
SCVL

9.70%

$26.30 • $23.75

Tilly’s
TLYS

8.30%

$8.31 • $7.83

Walmart
WMT

2.53%

$112.22 • $109.38

Zumiez
ZUMZ

10.96%

$25.72 • $22.90

TOTAL
WEEK OVER WEEK

0.78%

$1,441.44 - $1,430.15

Brand Name
(Ticker Symbol)

% Change over week
Price 07/25/19 • 08/01/19

Acushnet Holdings
GOLF

2.70%

$25.92 • $25.22

adidas
addyy

3.67%

$157.64 • $163.43

Callaway
ELY

2.12%

$18.36 • $17.97

Columbia Sportwear
COLM

1.89%

$105.03 • $103.04

Deckers Brands
DECK

15.73%

$177.58 • $149.65

GoPro
GPRO

6.85%

$5.40 • $5.03

lululemon
LULU

3.01%

$191.21 • $185.45

Nautilus
NLS

21.47%

$1.77 • $1.39

Nike
NKE

4.77%

$87.28 • $83.12

Puma
PUMA

9.20%

$65.02 • $71.00

Skechers
SKX

9.73%

$39.49 • $35.63

Under Armour
UA

20.80%

$24.14 • $19.12

VF Corp.
VFC

6.68%

$89.35 • $83.37

Wolverine Worldwide
WWW

4.64%

$27.58 • $26.30

Yeti
‍‍YETI

9.49%

$35.73 • $32.34

TOTAL
WEEK OVER WEEK

4.70%

$1,051.47 - $1,002.06

RETAIL: 59

41.14%

BRANDS: 180

79.66%

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

Sports Insight Extra Podcast Series