3.22%
Wednesday, September 23, 2020
Volume 3, Issue No. 38

Compass Diversified Acquiring BOA Technology

Compass Diversified, the publicly traded parent of 5.11, Velocity Outdoor and baseball brand Marucci is acquiring BOA Technology, the Denver-based dial-based fit system firm for $454 million in a merger transaction projected to close by Oct. 31.  Read the full story.

Nike Continues to Lean on Digital, Data and Tech

After reporting first quarter results yesterday that exceeded Wall Street expectations, Nike senior executives stressed the company’s commitment to continued technology investments, data mining for... Read the full story.

Work It: New Offerings from Ariat, Michelin

We put two new work boot lines under the spotlight: Michelin’s new collection by Rocky Brands and Ariat’s line that focuses on women.
A new collection of Michelin safety footwear, designed and distributed by... Read the full story.

Obituary: Robert W. “Bob” Gore

The chairman emeritus of the Board at W.L. Gore & Associates, the Newark, Delaware-based Global material science company, died Sept. 17. Robert W. “Bob” Gore was 83 and served the Gore brand for 57 years, including  five as president and 30 as chairman. Read the full story.

In The News
Reebok, Kahtoola, Patagonia, Dick’s Sporting Goods, NPD

Reebok has launched the first-ever USDA certified plant-based running shoe: Forever Floatride GROW — and for a lucky few it also comes with a side of fresh produce. Read the full story.

FOOTWEAR INSIGHT WEEKLY INDEX

Historically, September can be a tough month for stocks. Last week was no exception due to rising fears about the coronavirus and more political uncertainty coupled with sliding oil prices and dwindling prospects for a new COVID-19 stimulus package. The Dow suffered 89 percent of its 571.04-point decline for the week on the period’s final day and the final full day of summer. Nonetheless, the Dow’s 2.06 percent drop was better than the Segment’s 3.22 percent decline as all stocks ended in the red, led by Designer Brands, Wolverine and Skechers as the biggest decliners. Among the week’s major developments were news that Kohl’s (not in INDEX) intends to eliminate 15 percent of its corporate workforce as part of a $65 million-annualized expense savings plan and a final settlement in a class-action suit brought against Dick’s Sporting Goods in California where more than 10,000 class members will receive an average payment of $155 from a $1.65 million settlement. Elsewhere, Puma Golf inked a multi-year extension with PGA Tour pro and 2019 U.S. Open winner Gary Woodland, and the Caleres-owned Dr. Scholl’s brand capture a design excellence award from the Accessories Council for its Sweet Life Sneaker. — 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: 138

3.22%

Weekly Review

Company name
(Ticker Symbol)

% Change over week
Price 09/04/20 • Price 09/14/20

ASICS Corp.
7936.T

4.34%

$14.30 • $13.68

Boot Barn
BOOT

7.51%

$29.70 • $27.47

Crocs
CROX

4.50%

$44.02 • $42.04

Designer Brands
DBI

11.98%

$6.51 • $5.73

Genesco
GCO

1.00%

$24.06 • $24.30

Mizuno
8022.T

0.16%

$19.03 • $19.00

Puma
PMMAF

1.84%

$89.85 • $88.20

Shoe Carnival
SKVL

1.28%

$37.39 • $36.91

Steve Madden
SHOO

5.76%

$20.83 • $19.63

VF Corp.
VFC

6.17%

$73.21 • $68.69

Company name
(Ticker Symbol)

% Change over week
Price 09/04/20 • Price 09/14/20

Adidas
addyy

2.06%

$164.08 • $160.70

Caleres
CAL

4.66%

$9.88 • $10.34

Deckers
DECK

0.55%

$208.19 • $207.05

Foot Locker
FL

3.99%

$35.87 • $34.44

GEOX
GEO.MI

5.26%

$0.76 • $0.72

Nike
NKE

4.95%

$119.28 • $113.37

Rocky Brands
RCKY

4.92%

$26.42 • $25.12

Skechers
SKX

8.00%

$31.89 • $29.34

Under Armour
UAA

8.79%

$11.72 • $10.69

Wolverine
WWW

8.80%

$27.39 • $24.89

TOTAL
Week over week

3.22%

$994.38 • $962.40

ARCHIVES - September 16, 2020

Academy’s Footwear Business Topped $1 Billion in FY19

Regional value-based retailer Academy Sports + Outdoors, which filed for a proposed $100 million offering of public stock last week, generated more than $1.02 billion in footwear sales for the fiscal year ended Feb. 1, 2020. Read the full story.

Geox, Clarks Altering North American Business Models

Geox, the publicly traded parent of the Italian classic and comfort brand, is making changes to its operations in the U.S. and Canada in effort to improve profitability across the region. Read the full story.

Thorogood Realigns Sales Management Team; Oboz Announces New Hires and Promotions

Wisconsin-based Weinbrenner Shoe Company, Inc., the manufacturer of Thorogood job-fitted footwear recently announced the realignment of its sales management team. Jason Taran, formerly Public Safety and Military Sales Manager has been... Read the full story.

Crocs Anticipates Strengthening Business, Names President

Citing “exceptional consumer demand and strong sellthroughs,” the Broomfield, CO company last week projected its third-quarter sales will increase approximately 10 percent from the $312.8 million generated in the year-ago period. Read the full story.

In The News
Under Armour, Farm To Feet, REI, Zumiez, Reebok x Maison Margiela, Keen, Oofos

Under Armour is launching its first women’s-specific basketball shoe, the UA HOVR Breakthru, on September 17. Available in seven colorways, the $110 HOVR Breakthru will exclusively be sold at Dick’s Sporting Goods, UA.com, and UA Brand Houses. Read the full story.