Fri, Nov. 20, 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.
Wed, Nov. 11, 9:28 AM
- A warning by Macy's on having trouble clearing out inventory at U.S. stores could have a negative impact on major suppliers. The soft demand reported by Macy's leading into the holiday season has also been seen at other high-volume selling channels.
- The list of major Macy's apparel suppliers includes Ralph Lauren (NYSE:RL), Calvin Klein (NYSE:PVH), Michael Kors (NYSE:KORS), Estee Lauder (NYSE:EL), Carter's (NYSE:CRI), and Nautica (NYSE:VFC). A scan of the Macy's website shows plenty of promotions for those brands.
- Previously: Retailers eye inventory levels with Black Friday 17 days away (Nov. 10 2015)
- Previously: Department store sector on watch after Macy's warns (Nov. 11 2015)
- Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11 2015)
Mon, Oct. 26, 7:21 AM
- Piper Jaffray backs its Overweight rating on VF Corp. (NYSE:VFC) after digesting the apparel company's Q3 report. The investment firm has a price target of $80 on VF.
- Telsey Advisory Group lifts its rating on VFC to Outperform, while B. Riley reiterates a Buy rating.
- Shares of VF Corp fell 12.9% on Friday. VFC +0.71% premarket to $64.25.
- Previously: VF misses by $0.05, misses on revenue (Oct. 23 2015)
- Previously: Strong underlying sales growth at VF Corporation (Oct. 23 2015)
Fri, Oct. 23, 7:43 AM
- VF Corporation (NYSE:VFC) reports revenue increased 8% on a currency-neutral basis in Q3.
- The Outdoor & Action Sports segment showed the strongest growth rate with a 13% currency-neutral gain to $2.296B.
- Brands with double-digit growth during the quarter included The North Face, Vans, and Timberland.
- Direct-to-consumer revenue rose 3% in Q3.
- Guidance: The company sees FY15 revenue increasing 7.5%.
- Previously: V.F. misses by $0.05, misses on revenue (Oct. 23 2015)
Fri, Oct. 23, 6:57 AM
Thu, Oct. 22, 5:30 PM
Thu, Oct. 8, 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)
Sat, Aug. 1, 11:49 AM
- Outdoor footwear sales rose 17% over the last year to mark a significant acceleration from the 1% growth seen in the preceding 12-month period, according to data from NPD Group.
- Performance shoes appear to be a category millennials will spend freely on to defy some of the group's organic-leaning, fashion-ambivalent, and account-sharing trends which have frustrated other pockets of retail. Just ask Coca-Cola, Vera Bradley, McDonald's, and Anheuser-Busch InBev about millennials and brand loyalty.
- Outdoor brands showing momentum over the last year include Merrell (NYSE:WWW), Nike (NYSE:NKE), Vasque (private), Salomen (OTC:AGPDF, OTCPK:AGPDY), Sorel (NASDAQ:COLM), Timberland (NYSE:VFC). High-flying Skechers (NYSE:SKX) and indie REI are also active in the category.
- The positive outdoor shoes sell-through rate in the U.S. is seen expanding globally. Wolverine Worldwide CEO Blake Krueger noted during his firm's earnings call that international demand for performance sandals, hiking, light hiking, and multisport products was strong.
Fri, Jul. 24, 7:10 AM
- V.F. Corporation (NYSE:VFC) reports sales rose 10% on a constant dollar basis in Q2.
- Outdoor & action sports revenue increased 9% (+16% constant dollar).
- International revenue fell 1% (+13% constant dollar).
- Direct-to-consumer revenue rose 7% (+13% constant dollar).
- Gross margin rate fell 10 bps to 48.3%.
- Operating margin rate -30 bps to 8.9%.
- Guidance: Full-year EPS outlook raised to $3.22 vs. $3.21 consensus.
Fri, Jul. 24, 7:05 AM
Thu, Jul. 23, 5:30 PM
Thu, Jul. 23, 10:37 AM
- V.F. Corp (VFC +1.7%) trades higher after Buckingham Research upgrades the apparel stock to a Buy rating from Neutral.
- The investment firm lifts the price target on VFC to $86 from $70, indicating 15% upside.
- VFC trades at a higher P-E ratio than some of its peers as investors look at underlying trends.
Wed, Jun. 24, 4:37 PM
- Steven Rendle, VF Corp's (NYSE:VFC) Americas SVP and once the president of its North Face brand, has been appointed to the newly-created role of COO, and is joining the board.
- In his new job, Rendle will "oversee all of VF's business coalitions worldwide: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands." He'll also be in charge of VF's supply chain and direct-to-consumer ops.
Fri, May 1, 7:21 AM
- VF Corp (NYSE:VFC) reports revenue rose 8% in Q1 on a currency neutral basis before F/X knocked off six percentage points.
- Revenue growth by category (currency neutral): Outdoor & Action Sports +10%, Jeanswear +6%, Imagewear +8%, Sportswear +3%, Contemporary Brands -7%.
- Direct-to-consumer sales were up 11% (currency neutral) during the period.
- The company's gross margin rate fell 40 bps to 49.0% as shift in product mix contributed.
- Operating margin rate -50 bps to 14.0%.
- Inventory +7.4% to $1.624B.
Fri, May 1, 7:02 AM
Thu, Apr. 30, 5:30 PM
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