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Mon, Feb. 8, 3:30 PM
- The online secondary sneaker market entered a new phase today with the launch of price-tracking site StockX.com.
- Quicken Loans creator Dan Gilbert co-founded the site where sneakerheads trade with Campless.com's Josh Lubert.
- The site intends to branch out to other consumer product categories with a vibrant aftermarket. On that point, the company calls itself the "stock market of things."
- Related stocks: NKE, OTCQX:ADDYY, UA, EBAY.
Mon, Feb. 8, 11:22 AM
- NPD Group reports the U.S. athletic footwear industry grew 8% last year to $17.2B.
- Unit sales were up 3%, while the average selling price of a pair of athletic footwear rose over 5%.
- In an interesting category trend, running and basketball cooled off a bit, while casual accelerated. Hot demand for retro lifted growth in the classics category to 30% for the year.
- Looking ahead, NPD analyst Matt Powell expects growing interest in social fitness (class-based fitness, shared activities, Planet Fitness (NYSE:PLNT), SoulCycle (Pending:SOULC)) to help keep demand strong in athletic footwear.
- Related shoe stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
Fri, Jan. 22, 11:17 AM
- A new note from Merrill Lynch indicates that athletic footwear demand is strong in January.
- Athletic footwear sales are up 9.4% on a trailing four-week basis with average selling prices 2.2% higher. It's a positive read heading into the latter half of January when promotional activity is typically ratcheted up.
- Pricing on high-end basketball shoes in particular has held up post-holidays.
- The positive trend sets up well Foot Locker (FL +0.9%), Finish Line (FINL +1.8%), Under Armour (UA +1.7%), Nike (NKE +0.6%), and Adidas (OTCQX:ADDYY).
Mon, Jan. 18, 7:21 AM
- Adidas (OTCQX:ADDYY) has appointed Kasper Rorsted as its new chief executive, replacing Herbert Hainer at the helm of the German sportswear company.
- Rorsted, who is currently the CEO of Henkel, will join the company's board in August and become CEO two months later.
- Adidas investors welcomed the news, with the stock climbing over 11% in response to the announcement.
Mon, Jan. 11, 10:09 AM
- Shoe stocks are under pressure after channel checks on pricing add a new layer of worry.
- Trading lower in morning action are Crocs (CROX -3.2%), Deckers Outdoor (DECK -2.1%), Wolverine Worldwide (WWW -2.4%), Steven Madden (SHOO -2.1%), Skechers (SKX -0.6%), Columbia Sportswear (COLM -2.8%), and VF Corp (VFC -2.6%).
- Under Armour just dipped below $70 after being as high as $105 in October.
- The panicky trading isn't encapsulating sector giant Nike (NKE +0.8%) or the Adidas (OTCQX:ADDYY +3.3%) ADRs.
- Previously: Under Armour slides as new footwear pricing concerns crop up (Jan. 11 2016)
Dec. 29, 2015, 2:36 AM
- Adidas (OTCQX:ADDYY) is not facing pressure to trim its portfolio beyond the sale of Rockport and several golf labels, despite the recent arrival of three big activist shareholders, the company's CFO said in an interview with FT.
- "I've never had a conversation where anyone has given me any pressure about anything," Robin Stalker declared, ruling out a Reebok or TaylorMade sale.
- Over the course of 2015, U.S. investor Mason Hawkins, Belgium's Albert Frère and Egyptian billionaire Nassef Sawiris have all built stakes in Adidas.
Dec. 21, 2015, 5:18 AM
- Sepp Blatter and Michel Platini, two of the most powerful men in world soccer, have been handed eight-year bans from the game, making them the highest-profile casualties of sprawling investigations into corruption and ethical wrongdoing at FIFA.
- The move is likely to be welcomed by top sponsors Coke (NYSE:KO), Visa (NYSE:V), McDonald's (NYSE:MCD), Adidas (OTCQX:ADDYY), Emirates and Hyundai (OTC:HYMLF), which have all called for more transparency and credible reforms at soccer's governing body.
- FIFA will hold a special election to choose Blatter's successor on Feb. 26.
Dec. 19, 2015, 10:41 AM
- Total U.S. athletic footwear point-of-sales rose 10.7% Y/Y for the week ending December 12, according to data from Sportscan.
- Unit sales were up 5.7%, while the average selling price increased 4.7% during the week. Both marks easily top growth rates across broad retail.
- Sales in the basketball category were up 20% from the corresponding week a year ago. Nike (NYSE:NKE), Adidas (OTCQX:ADDYY), and Under Armour (NYSE:UA) are the dominate basketball players, while Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL) are thriving selling channels. On a side note, Finish Line's website was queuing visitors this morning due to heavy traffic.
- The casual athletic footwear category was up even hotter than basketball with a 32% pop. Wolverine Worldwide (NYSE:WWW) and Skechers (NYSE:SKX) are likely to have scored a lot of that action. Nike's Converse brand is also a major force in casual athletic. Sales of the iconic Chuck Taylor line have almost doubled over the last five years to top $2B.
- Running shoes sales increased 7.6% during the key week.
- Sector leader Nike reports earnings on December 22. A strong read on futures orders could resonate across the industry.
- Previously: Confidence in Nike ahead of earnings week (Dec. 18)
Dec. 9, 2015, 12:37 PM
- Adidas (OTCQX:ADDYY) warned on sourcing costs during an investor conference in Europe.
- Sharply higher labor costs in many emerging markets, as well as increasing material costs for cotton and nylon threaten to cut into margins.
- A higher rate of growth in margin-rich regions could help offset the input cost inflation.
Dec. 2, 2015, 11:49 AM
- Adidas (OTCQX:ADDYY) is prepping to put Reebok-CCM up for sale, sources tell New York Post.
- The hockey equipment business could be bid out as early as next year.
- The potential asset sale falls in line with a strategy at Adidas to focus on core businesses.
Dec. 2, 2015, 3:55 AM
- Top FIFA sponsors have published an open letter urging global soccer's governing body to enact credible reforms, days before a key meeting to finalize proposed changes to the organization.
- The companies - AB InBev (NYSE:BUD), Adidas (OTCQX:ADDYY), Coca-Cola (NYSE:KO) McDonald's (NYSE:MCD) and Visa (NYSE:V) - which typically pay about $100M per four-year World Cup cycle, called for greater transparency, accountability, respect for human rights, integrity, leadership and gender equality following the global corruption scandal that surfaced in May.
Nov. 17, 2015, 9:32 AM
Nov. 2, 2015, 9:43 AM
- NPD Group reports classics footwear sales rose 40% Y/Y in September. The astonishing jump was led by retro running and basketballs shoes.
- Nike (NYSE:NKE) and Adidas (OTCQX:ADDYY) are leaders in the category, while New Balance (private) and Asics (OTC:ASCCF, OTCPK:ASCCY) are also thinking retro. Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL) benefit on the margin front from a higher mix of classics.
Oct. 21, 2015, 8:06 PM
- Quashing expectations of a lucrative bidding war, the University of Texas reportedly has struck a new 15-year deal with Nike (NYSE:NKE) for equipment, licensing and apparel, in a pact that is still expected to be the richest in all of college athletics, according to sources.
- The contract is expected to approach $200M. The university can't confirm it until it's approved by its board of regents.
- Texas had been a Nike school since 2000, and with the previous deal's expiration, it was expected to pursue competing bids from Under Armour (UA -0.8%) and Adidas (OTCQX:ADDYY +1.6%). A change of athletic directors, to former Longhorn player Mike Perrin, may have altered that plan.
- Due to a clause in the previous contract, Nike had a right to match any competing offer, in any case.
- Previously: Bidding war expected for Longhorns apparel contract (Sep. 30 2015)
Oct. 9, 2015, 5:13 PM
- Under Armour (UA +1.2%) has bumped Adidas (OTCQX:ADDYY +1.2%), and locked down the University of Wisconsin's athletics apparel/footwear deal for $96M over 10 years, one of its most lucrative deals in college athletics.
- It takes effect next July 1, covering all 23 varsity athletics teams, and includes guaranteed licensed sales royalties of $4.5M.
- Deals have been on the upswing as schools including Michigan and Florida have recently gotten significantly bigger deals and extensions.
- UA is still considered a hot competitor for what may be the granddaddy of such contracts, the University of Texas deal, which could hit $15M/year. After a longtime partnership with Nike, Nike's exclusive negotiating window with the university came to a close last week.
Sep. 30, 2015, 8:12 AM
- Nike (NYSE:NKE) won't sign a new apparel contract with the University of Texas during its exclusive negotiating window, according to Bloomberg.
- The window expires tomorrow after which major Nike rivals such as Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) can step in with their own bids for the UT apparel rights.
- University of Texas sports teams generate a huge amount of interest, although the Longhorns have lost a little bit of leverage by dropping three of their first four football games this season. Still, the new deal is expected to struck at +$15M per year.
The adidas Group is a global leader in the sporting goods industry, offering a broad portfolio of footwear, apparel and hardware for sport and lifestyle around the core brands adidas, Reebok, TaylorMade and Reebok-CCM Hockey. Headquartered in Herzogenaurach, Germany, the Group employs more than... More
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