0.97%
Wednesday, August 21, 2019
Volume 2, Issue No. 15

6 Don’t-Miss Trends from the Vegas Shows

The August trade shows in Las Vegas give store owners and buyers a chance to finalize their spring ’20 buys — and pick up any trends they’ve missed. Footwear Insight editors hunted through the best offerings at FN Platform, Agenda and Liberty to ID the trends shops need. Read the full story.

PLUS: The Footwear Insight Gold Medal Service Awards breakfast, held in Las Vegas on Aug. 13, was the place for the best-in-class retailers being recognized to network and catch up before a busy show. Follow our Facebook page for exclusive photos from the Gold Medal Service Awards Breakfast  — and look for full coverage in the Sept/Oct issue of Footwear Insight magazine.

Camping World Divests Two Outdoor Specialty Chains

Jonesboro, AR-based Gearhead Outfitters, which operates 10 stores, has acquired Chattanooga, TN-based Rock/Creek Outfitters and Chicago-based Uncle Dan’s from publicly traded Camping World Holdings, parent of the Gander Outdoors banner.
Read the full story.

Outdoor & Footwear Industries Aren’t Spared in Tariff Maneuver

With data signals emerging and the drumbeats predicting a looming U.S. recession getting louder, the Trump Administration last week reversed course on its threat to slap 10-percent tariffs on all remaining imports from China on Sept. 1.
Read the full story.

Stock Market, Tariffs Could Hinder Consumer Spending

Future consumer spending could be impacted by the stock market and tariffs, but that wasn’t the case in July. Unadjusted year-over-year retail sales rose 5.6 percent for the month, a figure the National Retail Federation says is consistent with the state of consumer confidence and the healthy labor market.
Read the full story.

Nike Ratchets Up Subscription Program

Shortly after the Aug. 12 launch of the Nike Adventure Club shoe subscription service for children ages 2 to 10, market speculation began surfacing about whether other footwear brands have the breadth of product, logistics and know-how to introduce... Read the full story.

PODCAST
Mike Cosentino, Big Peach Running Company

Mike Cosentino, founder and CEO of Big Peach Running Co., a seven-door run specialty retail chain based in Atlanta, made a bold move in August 2018, purchasing a 33-foot vehicle from a company in Marietta, GA that specializes in food trucks.
Read the full story.

IN THE NEWS
Steve Madden, Brooks, Rocky Brand, Hari Mari

Steve Madden acquired privately held Greats Brands, a five-year old Brooklyn firm specializing in Italian-made premium sneakers. Greats, which sells DTC and through a New York City store in the Soho district, recorded annual sales of $13 million for the 12 months ended June 30.
Read the full story.

Wednesday, August 14, 2019
GMSA 2019 Special Edition

The 2019 Gold Medal Service Award Winners Honored at FN Platform

Service is the alpha and the omega for independent shoe shops, and yesterday Footwear Insight recognized the stores that elevate it to an art form at the fifth Gold Medal Service Awards breakfast, held at the FN Platform show in Las Vegas. This year’s list included 78 of the footwear world’s most influential shops — as well as the largest number of first-time inductees ever.  Read the full story.

2019 Gold Medal Service Award Sponsors
Wednesday, August 7, 2019
Volume 2, Issue No. 14

3 Questions with Reebok’s Matt O’Toole

With a new team, new offices and a fully redesigned digital strategy, Reebok is ready to open the aperture. And President Matt O’Toole says continuing to focus on the intersection of fitness and everyday style is the roadmap to growth. Read the full story.

China Tariff Pressure Escalates Yet Again

Against the advice of 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...
Read the full story.

VFC Puts Additional $20 Million Behind FutureLight

FutureLight, the breathable, waterproof nanospun technology being launched this fall in The North Face’s Summit Series and Steep Series of technical garments, will be bolstered by a $20 million infusion of...
Read the full story.

The Shift is On at Columbia Sportswear

On Friday, Columbia will launch the first products from its new SH/FT Collection of footwear, 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 the full story.

Boot Barn Becomes Bigger Player in Work

Publicly traded national chain Boot Barn plans to open 25 new doors in FY19 and is gaining momentum in the work apparel and boot categories. The work segment drove BOOT’s Q1 revenues as total sales rose nearly 15 percent to $185.8 million and same-store sales rose 9.4 percent.
Read the full story.

Puma is Bullish on Basketball

Puma CEO Bjorn Gulden believes the company’s decision to reenter the basketball category 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 the full story.

IN THE NEWS
Under Armour, Asics, Lowa, Crocs, Georgia Boot and Ortholite

Baltimore-based Under Armour is continuing the slow process of shifting more distribution away from lower-priced products in the off-price channel to strengthen the health of its business and generate more full-priced sales.
Read the full story.

FOOTWEAR INSIGHT INDEX

The Dow’s 800-point drop on Aug. 14 had an impact on this segment during the period as did the looming tariffs. Ten stocks were down during the period. Skechers announced it has donated more than $4.23 million to animal welfare organizations through its BOBS for Dogs and BOBS for Cats collections. Foot Locker, in conjunction with Nike, opened its third U.S. “Power Store” in New York City’s Washington Heights neighborhood. The technology forward store ties directly to Swoosh apps; FL intends to open 50 “Power Stores” over the next three years. Adidas is teaming with Twitter once again for a second season of “Friday Night Lights.” Live-streaming of U.S. high school football games on the social media site commences Aug. 30 with two So. Florida teams — Palmetto and and Cardinal Gibbon — with the series wrapping Oct. 24.  VF Corp. CEO Steven Rendle tells Fortune the objective of The North Face and Vans’ parent is to “power the movement of sustainable and active lifestyles for the betterment of people and the planet.”  — Bob McGee 
The Footwear Insight Index tracks 20 of the most important publicly traded companies that have a substantial footwear business (6 retailers, 14 brands).
Index base of 100 is key to the closing prices of 12/29/17

INDEX: 124

0.97%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 07/15/19 • Price 08/05/19

ASICS Corp.
7936.T

4.41%

$13.15 • $13.73

Boot Barn
BOOT

1.18%

$30.43 • $30.07

Crocs
CROX

0.42%

$24.08 • $24.18

Designer Brands
DBI

10.93%

$16.75 • $14.92

Genesco
GCO

9.37%

$36.81 • $33.36

Mizuno
8022.T

14.60%

$22.61 • $25.91

Puma
PMMAF

6.30%

$67.90 • $72.18

Shoe Carnival
SKVL

0.95%

$22.03 • $21.82

Steve Madden
SHOO

3.76%

$29.49 • $30.60

VF Corp.
VFC

0.57%

$80.45 • $79.99

Company name
(Ticker Symbol)

% Change over week
Price 07/15/19 • Price 08/05/19

Adidas
addyy

0.37%

$149.31 • $143.84

Caleres
CAL

2.57%

$15.17 • $15.56

Deckers
DECK

5.35%

$145.53 • $137.74

Foot Locker
FL

2.12%

$38.75 • $39.57

GEOX
GEO.MI

10.71%

$1.40 • $1.55

Nike
NKE

2.74%

$78.97 • $81.13

Rocky Brands
RCKY

1.99%

$29.62 • $29.03

Skechers
SKX

7.20%

$33.33 • $30.93

Under Armour
UAA

9.80%

$20.81 • $18.77

Wolverine
WWW

10.58%

$26.65 • $23.83

TOTAL
Week over week

0.97%

$877.24 • $868.71