Sat, May 2, 2:00 PM
- There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
- Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
- Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
- The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
- SportsOneSource pegs the international market at $55B and growing briskly.
- In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
- The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX), Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
- Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
- If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
Tue, Apr. 28, 6:49 AM
- Wolverine World Wide (NYSE:WWW) reports sales rose 3.4% in Q1 on a constant currency basis.
- The mid single-digit pace of sales seen in the Heritage Groupwas higher than the low single-digit rate for the Lifestyle Group.
- Gross margin +60 bps to 41.4% on pricing gains.
- Guidance: The company expects revenue of $2.82B-$2.87B vs. $2.86B consensus and EPS of $1.53-$1.60 vs. $1.56 consensus.
- Previously: Wolverine World Wide beats by $0.03, misses on revenue
Tue, Apr. 28, 6:38 AM| Comment!
Tue, Apr. 21, 4:33 PM
Mon, Mar. 30, 7:25 AM
Tue, Feb. 24, 11:23 AM
- Data from NPD Group confirms that athleisure and casualwear are providing the strongest growth in the fashion industry.
- Apparel sales growth was flat Y/Y in 2014 at $208.3B.
- Footwear sales +2% to $62B.
- Accessories +2% to $52.7B.
- Categories with strong demand included sports bras, polo/golf/rugby tops, children's footwear, sports jerseys, handbags, leggings, and jewelry accessories.
- NPD says an "underlying sense of rebellion" driven by millennials is a major factor in the sector.
- Apparel/footwear stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE, KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, OXM, HBI, VNCE, PERY, ICON.
Wed, Feb. 18, 10:01 AM
- Shares of Wolverine Worldwide ((NYSE:WWW) +3.1%) trade higher after Sterne Agee takes off its bear call on the company.
- The investment firm moves to a Neutral rating from Underperform.
- Previously: Wolverine World Wide EPS and revenue in-line (Feb. 17 2015)
- Previously: More on Wolverine World Wide's Q4 (Feb. 17 2015)
Tue, Feb. 17, 7:33 AM
- Wolverine World Wide (NYSE:WWW) reports revenue increased 10.1%, on a constant currency basis.
- Revenue break-up: Lifestyle: $279.3M (+5.3%); Performance: $273.6M (+8.9%); Heritage: $221.5M (14.4%); Other: $34.5M (+13.1%).
- Gross margin rate decreased 10 bps to 37.1% primarily due to a negative mix shift in international markets.
- Operating margin rate increased 130 bps to 3.7%.
- FY2015 Guidance: Revenue: $2.82B to $2.87B (+2.1% to +3.9%); Operating margin rate: 8.3%; Adjusted operating margin rate: 9.1%; Diluted EPS: $1.46 to $1.53; Adjusted EPS: $1.53 to $1.60.
- Q4 results
Tue, Feb. 17, 6:33 AM
Mon, Feb. 16, 5:30 PM
Thu, Feb. 12, 4:37 PM
Wed, Feb. 11, 9:45 AM
- The Footwear Distributors and Retailers of America says tariffs on footwear rose 6.6% to $2.671B last year.
- The pace exceeds sales growth in the sector.
- Countries included the Trans-Pacific Partnership (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam) increased duties last year by 24% Y/Y.
- Analysts have noted that a good portion of the tariff tax has hit the bottom line of shoe companies with pricing still very competitive.
- The footwear trade group is pushing Congress to give President Obama Trade Promotion Authority to help bring tariff relief.
- Shoe stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE.
Tue, Feb. 3, 12:17 PM
- Retail space continues to open up as more companies look to trim their store counts or reposition themselves in front of mergers or bankruptcies.
- In some cases, the transition is based on repositioning assets to online fulfillment centers.
- A quick scan indicates Sears Holdings (NASDAQ:SHLD), J.C. Penney (NYSE:JCP), RadioShack (NYSE:RSH), Dollar Tree (NASDAQ:DLTR), Wet Seal (NASDAQ:WTSL), Macy's (NYSE:M), Haverty Furniture (NYSE:HVT), Bon-Ton Stores (NASDAQ:BONT), Aeropostale (NYSE:ARO), Rent-A-Center (NASDAQ:RCII), and Wolverine Worldwide (NYSE:WWW) are unloading properties.
- Analysts have warned the flooded market could lead to some disappointing transaction prices or lease rates for the companies involved.
- What to watch: A merger between Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP) or a major retooling from Best Buy (NYSE:BBY) this year could add to the tally.
Mon, Jan. 12, 5:17 PM
- Wolverine Worldwide (NYSE:WWW) -8.8% AH after saying it expects 2015 EPS to come in roughly flat from 2014, reflecting the negative impact of a stronger U.S. dollar, the exit of the Patagonia Footwear license and previously announced retail store closures.
- WWW says it sees Q4 revenues of ~$808M, up 9.1% Y/Y, and full-year revenue of ~$2.76B vs. analyst consensus estimate of $2.74B; sees 2014 adjusted EPS at the high end of previous guidance of $1.57-$1.63 vs. $1.61 consensus; for 2015, analysts were projecting adjusted EPS to rise to $1.77.
- Says it plans $100M in new brand-building investments over the next three years, including ~$30M in FY 2015.
Dec. 18, 2014, 7:01 AM
- Apparel prices fell 1.1% in the U.S. during November, according to yesterday's CPI report.
- The drop followed a 0.2% slide in apparel prices for October.
- Retail analysts note that a higher mix of e-commerce sales and the lingering promotional haze threaten margin expansion in the sector, despite overall tighter inventory control.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, RL, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, KORS, UA, GIII, SQBG, HBI, SKX, FL, VRA, ICON, NKE, WWW, DECK, CROX, SHOO, BWS, PERY, DXLG, SHLD, BONT, GPS, GES, URBN.
Dec. 10, 2014, 4:31 PM
WWW vs. ETF Alternatives
Wolverine World Wide Inc is a designer, manufacturer and marketer of casual footwear and apparel, performance outdoor and athletic footwear and apparel, children's footwear, industrial work boots and apparel, and uniform shoes and boots.
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