Tue, Jan. 26, 7:40 AM
- Bank of America Merrill Lynch adds Foot Locker (NYSE:FL) to its prized U.S. 1 List.
- The firm thinks Foot Locker will benefit by standing as one of Nike's main selling channels with Nike poised to offer new products.
- Shares of Foot Locker closed at $64.47 yesterday, close to the midpoint of their 52-week range of $52.12 to $77.25.
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).
Dec. 22, 2015, 7:38 AM
- Bank of America Merrill Lynch upgrades Foot Locker (NYSE:FL) to Neutral after having the retailer set at Underperform.
- Recent channel checks have showed strong growth for athletic footwear in the U.S. since the Black Friday weekend.
- Shares of Foot Locker are up 13.94% YTD.
- Previously: Thriving times for athletic footwear (Dec. 19 2015)
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, 9:06 AM
- The extended forecast from the National Weather Service for the U.S. shows the warm weather trend continuing for a large portion of the nation.
- The warm snap already impacted some categories in the retail sector around the Black Friday to Cyber Monday period, but now threatens to dampen or push out later on the calendar sales for certain items.
- The weather excuse is a frequent topic on Q4 earnings conference calls.
- The flip side of the U.S. weather issue is the performance of FedEx (NYSE:FDX) and UPS (NYSE:UPS). The shippers benefit on the expense side from calm weather in high population areas during the holiday period.
- Snow cover map of the U.S.
- Weather-watching: DKS, ACAT, HIBB, DKS, CRI, DECK, LE, COLM, ARO, AEO, ANF, TGT, UA, FL, FINL.
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 20, 2015, 10:09 AM
- Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
- Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
- Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
- Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
Nov. 20, 2015, 9:17 AM
Nov. 20, 2015, 7:05 AM
- Foot Locker (NYSE:FL) reports comparable-store sales rose 8.7% in Q3.
- Total sales increased 8.9% excluding the impact of foreign currency fluctuations.
- Gross margin rate grew 60 bps to 33.8%.
- SG&A expense rate improved 80 bps to 19.6%.
- Merchandise inventories +0.91% $1.336B.
- Store count -42 Y/Y to 3,432.
Nov. 20, 2015, 6:48 AM
- Foot Locker (NYSE:FL): Q3 EPS of $1.00 beats by $0.05.
- Revenue of $1.79B (+3.5% Y/Y) beats by $10M.
Nov. 19, 2015, 5:30 PM
Nov. 18, 2015, 4:27 PM
- Foot Locker (NYSE:FL) declares $0.25/share quarterly dividend, in line with previous.
- Forward yield 1.64%
- Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 13.
Nov. 10, 2015, 8:31 PM
- The headaches continue for a large part of the retail sector impacted by a slower pace of sales than anticipated this fall.
- Warmer weather than normal have held back outerwear and winter clothing demand, while mall traffic continues to be underwhelming.
- The high level of unsold inventory on shelves at retail chains is likely to lead to more promotions and discounts heading into the crucial Black Friday period, observes the WSJ. That trend could hurt manufacturers and sellers alike.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, PEJ, FDIS, RCD, PMR, UGE, SZK.
- Related stocks: FL, FINL, KORS, COH, DSW, DKS, SKX, JCP, M, SHLD, KSS, JWN, TJX, ROST, BONT, AEO, ANF, ARO, CAL, CROX, SMRT, BKE, CTRN, GPS, LB, RL, PVH.
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. 23, 2015, 10:37 AM
- Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
- Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
- Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
- Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
Oct. 8, 2015, 11:06 AM
- There are broad gains across the apparel and footwear sectors as investors take direction from Asia where a vibrant stock market rally in China and enthusiasm over the impact of the Trans-Pacific Partnership agreement has reset some expectations.
- The positive vibe on Asia is also providing a lift to the sensitive personal products sector.
- Gainers: Nike (NYSE:NKE) +1.6%, Deckers Outdoor (NYSE:DECK) +2.1%, Crocs (NASDAQ:CROX) +1.9%, VF Corp (NYSE:VFC) +1.5%, Steven Madden (NASDAQ:SHOO) +2.0%, Foot Locker (NYSE:FL) +2.4%, Caleres (NYSE:CAL) +1.9%, Iconix Brand Group (NASDAQ:ICON) +1.8%, Gildan Activewear (NYSE:GIL) +1.3%, Avon Products (NYSE:AVP) +2.9%, Coty (NYSE:COTY) +1.9%, Nu Skin (NYSE:NUS) +1.6%.
- With major U.S. indexes all in negative territory, consumer products stocks are defying the trend. The S&P Retail ETF (NYSEARCA:XRT) is up 1.0%, the S&P Consumer Staples (NYSEARCA:XLP) is +0.4%, and the iShares Dow Jones US Consumer Goods ETF (NYSEARCA:IYK) is +0.6%.
- Previously: Apparel stocks break out of the pack (Oct. 08 2015)
Foot Locker, Inc. engages in the global retail of athletically inspired shoes and apparel. The company operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment operates athletic footwear and apparel stores under various brands, which includes Foot... More
Industry: Apparel Stores
Country: United States
Other News & PR