2.33%
Wednesday, July 1, 2020
Volume 3, Issue No. 26

Pick Three: Spring ’21 Outdoor Style Preview

A sneak peek at a few outdoor styles to watch for next spring: Ecco's Exowrap Sandal, the Oboz Sypes collection and the eco-friendly Merrell Cloud Knit. Read the full story.

JD Group Intends to Open Times Square Flagship by End of Summer

Publicly traded U.K.-based retailer JD Group, which acquired The Finish Line in June 2018 for $558 million, expects the Times Square location for its JD banner to... Read the full story.

Macy’s Cautious on H2; Sees Gains in Digital, Curbside Pick-up

Senior executives at Macy’s, which reported a 45 percent drop in first-quarter revenues last week to $3 billion, told analysts that it’s taking a conservative approach to the back half of 2020 due to the “high degree of uncertainty” in the market. Read the full story.

In The News
Tracksmith, NPD, Hunter Boots, Pentland Brands

NPD analysts Matt Powell and Beth Goldstein flagged five trends that are driving sales across the U.S. in a new report: Health and Wellness; Casualization; E-Commerce, Seasonality and Brand Value/Societal Impact. Read the full story.

FOOTWEAR INSIGHT INDEX

In a holiday week with no dimming of COVID-19 or the social justice protests across the U.S. in sight, the Dow gained 2.7 percent or 691.23 points due to a nearly 460 point increase on the final day of the period. The increase exceeded the segment’s 2.3 percent jump that included nine gainers, led by ASICS, Puma and Adidas on a percentage basis. The biggest decliners were Steve Madden and Skechers. NPD’s Matt Powell shouted out Under Armour in a SFIA webinar last week as he cited a renewed interest in performance footwear after the pandemic and said the brand “might be a beneficiary due to its laser focus” on the segment. Nike was the first to pull Washington Redskins’ merchandise, followed by Target and Walmart, as the pro team seriously contemplated name changes in wake of recent social justice efforts and the Redskins’ stadium sponsor, FedEx Corporation, asking Washington to change its longtime name. Lacoste and Adidas, according to the website Glossy, are the latest brands that have agreed to cease all business with suppliers and contractors with ties to forced Uighur labor in China’s Xijiang province. — 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

2.33%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 06/29/20 • Price 07/06/20

ASICS Corp.
7936.T

9.09%

$11.00 • $12.00

Boot Barn
BOOT

3.47%

$21.91 • $21.15

Crocs
CROX

0.63%

$35.07 • $34.85

Designer Brands
DBI

1.69%

$6.51 • $6.40

Genesco
GCO

0.29%

$20.99 • $21.05

Mizuno
8022.T

3.06%

$19.58 • $18.98

Puma
PMMAF

7.99%

$74.20 • $80.13

Shoe Carnival
SKVL

0.28%

$28.97 • $28.89

Steve Madden
SHOO

3.95%

$24.83 • $23.85

VF Corp.
VFC

4.39%

$60.34 • $62.99

Company name
(Ticker Symbol)

% Change over week
Price 06/29/20 • Price 07/06/20

Adidas
addyy

7.60%

$130.29 • $140.19

Caleres
CAL

0.63%

$8.00 • $7.95

Deckers
DECK

0.11%

$194.68 • $194.90

Foot Locker
FL

0.65%

$29.43 • $29.62

GEOX
GEO.MI

1.22%

$0.82 • $0.81

Nike
NKE

4.21%

$95.91 • $99.95

Rocky Brands
RCKY

0.54%

$20.29 • $20.18

Skechers
SKX

3.79%

$30.87 • $29.70

Under Armour
UAA

0.81%

$9.83 • $9.91

Wolverine
WWW

1.20%

$23.35 • $23.07

TOTAL
Week over week

2.33%

$846.87 • $866.57

ARCHIVES - July 1, 2020

NPD Report Shows Performance Running Surges

Performance running brands surged in May and June, according to The NPD Group. U.S. sales have averaged 11 percent  growth in the last five weeks, and dollar sales for the week ended  June 20 were 30 percent up from the year-ago period, the group said. Read the full story.

Nike Sees Opportunity in Mono-Branded Retail for Women, Apparel

Aiming to further accelerate its digital strategy and push the segment to 50 percent of its overall topline by FY23, Nike is pushing forward with a plan to open 150 to 200 small-footprint, digitally-enabled mono brand stores in... Read the full story.

Soccer Participation On Rise Again in U.S.

After four consecutive years of decline, U.S. soccer participation rose 4.5 percent in 2019. Last year also marked the first time since 2010 that “core” soccer participation increased, rising... Read the full story.

In The News
Sperry, VF Corp., Adidas, #StopHateforProfit

Sperry, a division of Wolverine Worldwide, names Sean McDowell as VP of design and product development. Most recently, he was the founder of Boston-based Fountain Design and Innovation. Read the full story.