Tue, Nov. 29, 10:17 AM
- A dismal earnings report from Shoe Carnival (SCVL -11.1%) appears to be impacting sentiment on other shoe sellers. Execs with Shoe Carnival warned late yesterday that they would step up promotions on seasonal items.
- Crox (CROX -1.8%), Deckers Outdoor (DECK -1.2%), Wolverine Worldwide (WWW -1.3%) and Skechers (SKX -1.8%) are all lower on the day.
- Previously: Shoe Carnival EPS in-line, misses on revenue (Nov. 28)
- Previously: Weak guidance sends Shoe Carnival lower (Nov. 28)
Mon, Nov. 14, 10:15 AM
- Clothing and footwear stocks are jetting higher as more analysts bump up expectations on consumer spending in Q4 and broadly forecast tax relief for the consumer goods sector (effective tax rates paid).
- Many of the names with the sharpest moves higher today are recovering from a pre-election slump.
- Gainers include Sequential Brands Group (SQBG +11.7%), Iconix Brand Group (ICON +5.1%), Carter's (CRI +4.6%), Vera Bradley (VRA +4.6%), Wolverine World Wide (WWW +4%), Crocs (CROX +4.3%), Caleres (CAL +4.6%), Ralph Lauren (RL +3.4%), Fossil (FOSL +5%), Perry Ellis (PERY +3%), Deckers Outdoor (DECK +3.5%), Skechers (SKX +3.2%) and Coach (COH +3.1%).
- Kate Spade (KATE +5.9%) is also rallying, but has news of an activist investor on the prowl also factoring in.
- Previously: Kate Spade hears from activist firm (Nov. 14)
- Previously: Investors see upside with apparel store stocks (Nov. 14)
Fri, Nov. 11, 12:08 PM
Wed, Nov. 9, 7:33 AM
Tue, Nov. 8, 5:30 PM
Fri, Oct. 21, 10:15 AM
- Data from NPD Group indicates that total U.S. footwear sales fell 5% Y/Y in September to $2.4B.
- Sales for women's footwear were down 7% during the month, with the fashion footwear category showing the most weakness. Warmer weather may have delayed some boot buying.
- Coupled with a weak earnings report from Skechers (SKX -17.7%), the broad footwear sector is tracking lower.
- Notable decliners include Rocky Brands (RCKY -3.7%), Weyco Group (WEYS -2.2%), Crocs (CROX -2%), Stephen Madden (SHOO -2.2%), Foot Locker (FL -1.2%), Finish Line (FINL -2.1%), Boot Barn (BOOT -3%), Shoe Carnival (SCVL -0.7%), DSW (DSW -1.5%), and Deckers Outdoor (DECK -3.9%).
- Previously: Skechers skids after earnings disappoint (Oct. 20)
Fri, Aug. 19, 11:14 AM
- Foot Locker (FL +10%) rips higher after posting strong sales growth. The company cited strength in basketball, running, and classic footwear during the quarter.
- Under Armour (NYSE:UA) is up 1.6% and Nike (NYSE:NKE) is 2.7% higher off the strong read on athletic shoe sales.
- Other notable gainers include Skechers (SKX +1%), Wolverine World Wide (WWW +3.4%), Rocky Brands (RCKY +1.5%), Steven Madden (SHOO +1.4%), Caleres (CAL +1%), and Crocs (CROX +1%) -- all ahead of broad market averages.
- An underlying theme continuing to emerge in the shoe sector is that discretionary spending by millennials on the category is stronger than what is being seen in other areas of retail. Also of note, the millennial group has shown loyalty to power brands.
- Previously: Foot Locker beats by $0.04, beats on revenue (Aug. 19)
- Previously: Foot Locker higher on earnings beat and positive comp (Aug. 19)
Fri, Aug. 12, 8:06 AM
Wed, Aug. 3, 12:48 PM
Wed, Aug. 3, 12:00 PM
Wed, Aug. 3, 9:15 AM
- Gainers: SZMK +45%. KOOL +43%. INVT +26%. GNW +23%. ZAGG +14%. OCLR +12%. FIT +9%. BOFI +8%. ING +8%. TRXC +8%. ETP +7%. FCAU +6%. ETSY +6%. ZTS +6%.
- Losers: RUBI -29%. DRWI -20%. CRAY -20%. VGZ -19%. KATE -18%. CYH -17%. CROX -17%. ELGX -11%. FTAI -9%. QRVO -8%. SHIP -6%. COH -6%. RGC -6%. HBI -6%. KORS -6%. INO -5%.
Wed, Aug. 3, 9:00 AM
- Crocs (NASDAQ:CROX) crumbles after Q2 results fall short. The company pointed to a "cautious" retail environment in the U.S. and some stumbles in China.
- Global direct-to-consumer comparable store sales were up 2.9% during the quarter, but total revenue was down 6.3%.
- Looking ahead, Crocs sees Q3 revenue of $245M to $255M vs. $289M consensus.
- Previously: Crocs EPS of $0.13 (Aug. 3)
- CROX -16.73% premarket to $9.15.
Wed, Aug. 3, 7:33 AM
Tue, Aug. 2, 5:30 PM
- AAWW, AFAM, ALE, APO, ARCC, ARCO, ARQL, ATHM, ATRO, AVA, CDK, CDW, CEVA, CLDT, CLH, CLX, CRL, CROX, CRTO, CSTE, CWEI, D, DDD, DIN, DLPH, DM, DNOW, DOC, EE, ENR, FCPT, FUN, GEL, HFC, HUM, HYH, ICE, ING, INSY, INXN, IRT, KATE, KLIC, LINC, LMOS, MDC, MEMP, MFA, MTOR, NBL, NSM, NVMI, ODP, ORBK, OXY, PERI, POR, RRD, SBGI, SC, SCMP, SE, SHOP, SMG, SMP, SPR, SR, SUM, TMHC, TWX, USAK, VER, VIRT, VOYA, VSI, WD, XEL, ZTS
Fri, Jul. 22, 10:13 AM
- A weak earnings report from Skechers (SKX -22%) and a warning from VF Corp (VFC -2.8%) is taking down a number of peers of the apparel sellers.
- Soft demand in Asia, disruption in Europe, and continued F/X headwinds were cited by both companies.
- Oxford Industries (OXM -2.1%), Wolverine World Wide (WWW -2.6%), Crocs (CROX -2.9%), Steven Madden (SHOO -1.8%), and G-III Apparel Group (GIII -2.3%) are all lower.
- The negative start to the earnings season for the apparel/footwear sector appears to be impacting Nike (NKE -0.8%) and Under Armour (UA -0.9%) as well.
- Previously: Skechers -8% after missing Q2 expectations (July 21)
- Previously: V.F. beats by $0.01, misses on revenue (July 22)
Tue, May 10, 12:47 PM