4.28%
Wednesday, June 3, 2020
Volume 3, Issue No. 22

RIA’S Kick Show Goes Virtual

Starting this month and running through August, the Running Industry Association’s KICK On-Demand virtual trade show will be available for free to brand and retail members of the non-profit organization. Read the full story.

Running Renaissance May Lift Dick’s Annual Footwear Sales Over $2B Mark

Senior management at Dick’s Sporting Goods isn't committing to a $2 billion annual footwear sales possibility when asked, but the retailer confirmed momentum in... Read the full story.

Running Rising, Apparel Moving to Seasonal Need

Could the COVID-19 pandemic be the starting line for a second running boom in the U.S.? Recent data pulled by Klaviyo, a marketing platform focused on e-commerce, shows huge growth in online running shoe sales...  Read the full story.

Keds Names New Global Brand President

Bornie Del Priore, who continues as global brand president of the Wolverine Kids Group, is named global brand president of Keds. In her dual role, she will report to... Read the full story.

In The News
Brooks, Nike, Big 5, Thorlo

Seattle-based Brooks Running has pledged $100,000 to the Equal Justice Initiative for Global Running Day on June 3, and has pledged to donate an additional $1 for every runner who has already signed up to... Read the full story.

FOOTWEAR INSIGHT INDEX

Amid more states beginning  the re-opening process from the COVID-19 pandemic, national protests emerging following the death of George Floyd in Minneapolis and the release of more scary economic data and forecasts, it was another good week for the Dow and the FIX Index. U.S. consumer spending dipped 13.6 percent in April and the chief economist for the National Retail Federation says it’s too early to predict how soon or how quickly the U.S. economy will recover. For a fourth consecutive week, the Segment’s rise exceeds the Dow’s for the like period. The Dow rose nearly 480 points, or 1.9 percent, compared to 4.28 percent for the Segment. Fourteen stocks, led by Adidas and Deckers as the largest percentage gainers, were up. Asics and VF Corp. were the largest percentage decliners among the six stocks that fell during the period. Nike released an ad on May 30 focused on how companies and people should help stop racial injustice that was retweeted six hours later by Adidas with the phrase, “Together is how we move forward.” The Three Stripes is working with Allbirds to create a low-carbon-footprint sneaker, and sees one of its Chicago stores, along with a nearby Foot Locker, looted during protests. While Adidas has temporarily closed its U.S. retail doors, Under Armour disclosed that half of its U.S. store fleet was up and running again on May 29. VFC, according to Juststyle.com, is investing in a third-party app for corporate and third-party use to create a better retail experience for consumers. Steve Madden suffered a 13 percent decline in first-quarter wholesale revenues as it realized mid-teens growth in e-commerce and suffered major order cancellations during the second half of March. Skechers strikes a tentative legal deal in a Delaware court to abandon nearly $20 million in equity awards issued to Founder Robert Y. Greenberg, President Michael Greenberg and COO David Weinberg, according to Law360.com. The trio was granted an aggregate $47.7 million in restricted stock awards in 2018. — 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: 120

4.28%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 05/18/20 • Price 05/26/20

ASICS Corp.
7936.T

3.71%

$11.33 • $10.91

Boot Barn
BOOT

1.60%

$21.86 • $22.21

Crocs
CROX

0.96%

$29.25 • $29.53

Designer Brands
DBI

2.06%

$6.32 • $6.45

Genesco
GCO

1.60%

$19.43 • $19.12

Mizuno
8022.T

0.54%

$18.67 • $18.77

Puma
PMMAF

3.08%

$69.85 • $72.00

Shoe Carnival
SKVL

1.92%

$25.52 • $26.01

Steve Madden
SHOO

1.47%

$24.57 • $24.21

VF Corp.
VFC

2.93%

$59.82 • $58.07

Company name
(Ticker Symbol)

% Change over week
Price 05/18/20 • Price 05/26/20

Adidas
addyy

9.46%

$124.88 • $136.69

Caleres
CAL

1.22%

$7.39 • $7.48

Deckers
DECK

8.76%

$180.05 • $195.82

Foot Locker
FL

3.47%

$28.22 • $29.20

GEOX
GEO.MI

1.30%

$0.77 • $0.76

Nike
NKE

3.02%

$96.62 • $99.54

Rocky Brands
RCKY

2.31%

$20.33 • $20.80

Skechers
SKX

3.48%

$31.02 • $32.10

Under Armour
UAA

4.19%

$8.89 • $9.26

Wolverine
WWW

1.60%

$21.31 • $21.65

TOTAL
Week over week

4.28%

$806.10 • $840.58

ARCHIVES - May 27, 2020

Foot Locker Merging Champs Sports, Eastbay; Wall Street Mixed on Retailer

Eastbay’s longtime operation in Wausau, WI, is being shuttered in July with as many as 187 layoffs as Foot Locker combines Champs Sports and Eastbay under a single leadership team based in Bradenton, FL. Read the full story.

Earnings Report: Retailers See Casual Athletic On Top

Menomonee Falls, WI-based Kohl’s is exiting eight women’s private apparel brands this year but says it remains committed to growing the active category, pointing out that it has doubled the segment’s sales since 2013. Read the full story.

Deckers Will Continue Investing in Hoka

Market momentum for the Hoka One One brand, whose global revenues rose 58 percent in FY20 to $353 million, is forecast to continue this fiscal year but at a slower rate. Senior executives at parent firm Deckers... Read the full story.

Boot Barn Slows Expansion, Sees New Customer Opportunities

Boot Barn will slow its brick-and-mortar expansion plans this year due to the COVID-19 pandemic but still intends to eventually reach 500 doors, the Irvine, CA-based retailer said. The 259-door chain aims to... Read the full story.

Launch Watch: Oofos, K-Swiss

To mark the one-year anniversary of the passing of Oofos employee and industry force Duncan Finigan, recovery brand Oofos has released the DF OOlala sandal featuring her initials in an eye-catching black, pink and green version of... Read the full story.

In The News
Informa Launches Virtual Trade Show, ASICS, Orvis

Informa Markets Fashion, producer of the MICAM Americas, MAGIC and Project trade shows, is partnering with e-commerce wholesale platform NuORDER for a digital tradeshow that will launch in conjunction with... Read the full story.

COVID-19: Links to Industry Resources

As the footwear industry grapples with the ongoing effects of the COVID-19 virus, we know you have questions about what the developments mean for your business, your employees and yourself. We’ve compiled a list of the industry resources to... Read the full story.