JUNE 2021 Issue

Feeling Good

Wellness is defined as the state of being in good health. It is complete physical, mental, and social well-being. For shoe brands, wellness starts in the feet. Brands in this space offer a variety of styles focusing on components including foot alignment, cushioning and proper sizing for...

New Sneaker Trading Platform Launches

Two former Foot Locker House of Hoops sales associates and a former IBM executive, all avid sneaker collectors, have teamed up to co-found a new sneaker trading platform called Tradeblock. The company launched its beta mobile apps in March before a wider rollout last month.

FOOTWEAR INSIGHT INDEX: 219

Weekly Review - 6/9/21

1.42%

It’s a third consecutive “essentially flat” week for the Dow, up 54.94 points for the shortened period, as tensions over inflation lingered and the needle stayed in place due to a lack of market catalysts. But the Footwear Segment was unable to outperform the Dow for a second consecutive week, falling more than 1.4 percent. Seven stocks were up, led by Genesco and Mizuno on a percentage basis, and eight fell, paced by Rocky Brands, Shoe Carnival and Boot Barn. Five segment stocks — Adidas, Geox, Nike, Puma and VF Corp. — were essentially flat. On the inflation issue, a Goldman Sachs strategist reminded investors that the stock market tends to perform better during period of low inflation with periods of high inflation most beneficial for the healthcare, energy, real estate and consumer staple industries. Back in the Segment, Genesco fired off a letter to shareholders ahead of its July 20 annual meeting, aiming to fend off hedge fund Legion Partners Asset Management’s bid to replace four GCO independent directors. Wolverine Worldwide, ahead of its presentation during the Baird 2021 Global Consumer, Technology and Services Conference, says its Q2 revenues will exceed Q2/19 levels citing an acceleration of orders led by gains from Merrell, Saucony and Sperry. Caleres, meanwhile, has hired Jennifer Olsen, the former Chief Marketing Officer for UNTUCKit and a previous CMO for StitchFix and Crate & Barrell as its new CMO. — Bob McGee 
The Footwear Insight Index tracks 20 of the most important publicly traded companies that have a substantial footwear business (6 retailers, 14 brands).
Index base of 100 is key to the closing prices of 12/29/17

Company name
(Ticker Symbol)

% Change over week
Price 06/01/21 • Price 06/08/21

ASICS Corp.
7936.T

3.66%

$24.32 • $25.21

Boot Barn
BOOT

7.10%

$78.84 • $73.24

Crocs
CROX

1.69%

$103.13 • $104.87

Designer Brands
DBI

5.52%

$17.75 • $16.77

Genesco
GCO

6.96%

$58.07 • $62.11

JD GROUP
JD.L

0.44%

$1,344.13 • $1,338.18

Nike
NKE

0.37%

$134.51 • $134.01

Rocky Brands
RCKY

8.57%

$58.58 • $53.56

Skechers
SKX

1.31%

$47.34 • $46.72

VF Corp.
VFC

0.70%

$79.86 • $79.30

Company name
(Ticker Symbol)

% Change over week
Price 06/01/21 • Price 06/08/21

Adidas
addyy

0.72%

$182.68 • $181.36

Caleres
CAL

1.58%

$27.82 • $27.38

Deckers
DECK

4.98%

$341.84 • $324.82

Foot Locker
FL

3.80%

$63.67 • $61.25

GEOX
GEO.MI

0.00%

$1.46 • $1.46

Mizuno
8022.T

5.73%

$20.43 • $21.60

Puma
PMMAF

0.05%

$114.46 • $114.52

Shoe Carnival
SKVL

7.32%

$70.24 • $65.10

Under Armour
UAA

4.12%

$23.05 • $22.10

Wolverine
WWW

4.26%

$36.58 • $35.02

TOTAL
Week over week

1.42%

$2,828.76 • $2,788.58

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