Nike could be losing ground as the athletic market leader. Source: Three Factors Hurting Nike’s Business | Footwear News While browsing Footwear News this article rolled across and I had to write a few quick words. FN lists three reasons why Nike is hurting. In short they are: Competition North America Inventory and Slumping Sig…
Nike Inc.’s market share is poised to expand, as both its processing and delivery times are faster than competitors Source: Why Nike Inc keeps winning | Financial Post As always my goal is to analyze the sneaker business and entertain so I should tell a joke right here and then get to the info, but…
Originally recorded by Tayib Salami of Housakicks during a Google Hangout Youtube: https://www.youtube.com/channel/UCZPK… Tayib has been working on the idea for a series of interviews about the sneaker industry. I helped Tayib develop his website: http://www.housakicks.com after he had paid several developers and gotten no where. He knew I had been involved in sneakers for…
Originally posted on Housakicks Chris, from ARCH, and I have been so swamped with work on both our sites and our e-stores that doing these shows has been impossible. We are aware of the current changes in the sneaker market and we wanted to tackle them one at a time. Today we’re exploring how the…
Originally posted on Housakicks I was just reading an article on FN about the possibility of drones completely changing the landscape of retail, and I was trying to figure out what that would mean for the sneaker industry, especially for retailers like FTL, Finishline, DTLR to name a few. The average consumer is extremely lazy as it is already; how do I know that?…
An acquisition was authorized by private equity groups to merge DTLR and Sneaker Villa. “The combination of DTLR and Sneaker Villa will create one of the largest lifestyle retailers of street-inspired footwear, apparel and accessories in the industry, with over 230 stores in 18 states.” Memphis doesn’t have either of these stores (DTLR or Sneaker…
Under Armour’s most recent Fiscal report provided insight into another difficult moment for the brand. UA always feels to be in transition and with Plank back at the helm he acknowledged as much: TRANSCRIPT_ Under Armour, Inc.(UAA-US), Q4 2024 Earnings Call, 16-May-2024 8_30 AM ET.pdf (gcs-web.com) Plank also provided context around where UA needed to…
Sneaker enthusiasts will argue that 2014 was the year Ye turned adidas into a player. Runners will say the UltraBoost was the engine in adidas’ rise in popularity. I’ve written that adidas’ timely drop of the NMD propelled the company forward. Every theory is a part of the whole. adidas changed leadership, sold off underperforming…
The recent announcement that New Balance hit 6 billion in revenue has been touted by sneaker culture as evidence of the power of Joe Freshgoods and ALD. The reality is New Balance hit a low point 9 years ago due to the TPP and a conflict with the Obama Administration on a contract to provide…
Look good while running with our Performance Streetwear Running apparel and accessories line. Performance Running Apparel with a nod to streetwear culture. Our Performance Running gear is the stylish and comfortable, featuring Italian performance fabrics. Source: Streetwear-inspired Running Apparel & Accessories | Performance Fabric With startups in the sneaker and apparel space, the first question…
Source: HOLO Footwear arch attempts to find a path to discussions on new brands. What typically happens is I see the brand out in the wild and then I begin to research the company. I look at articles and follow the founders quietly. I attempt to remain unbiased by not engaging founders of small brands…
Use Allbirds ReRun™ to buy slightly used Allbirds shoes. By shopping ReRun™ can help extend the life of shoes while lowering your impact on the environment. Source: Shop Pre Owned Shoes with Allbirds ReRun™ In 2017, during an Investor’s Day named the ‘Scale of Sport’ Nike laid out its plan of action. Since that event…
Solid second quarter sales and earnings compared to record results in 2021 Total sales decreased 9.2% from 2021 and increased 16.4% from 2019 Comparable-store sales decreased 10.3% year-over-year EPS of $0.99 and Non-GAAP EPS of $1.10 Well positioned for Back-to-School season with high-quality, fresh product Expect to achieve the lower end of original earnings guidance range Repurchased $40 million of…
On had a very strong first half of 2022, with second quarter 2022 results again exceeding expectations to surpass CHF 500 million net sales for the half year. Q2 2022 net sales increased by 66.6%, driven by a strong wholesale growth of 70.1% and DTC growth of 60.8%, as well as continued exceptional momentum and…
There are moments in sneaker culture that rock the foundation of how the entire industry is perceived. Typically, these moments happen when big names leave brands; like Kobe leaving adidas for Nike, or like Kanye leaving Nike for adidas. In most instances game changing moments in kicks aren’t really game changing. When the SNKRS app…
Check out Trent’s books on Amazon: How Sneakers Saved My Life: https://amzn.to/34tdUGj How Sneakers Ruined My Life: https://amzn.to/3CCRPSo In this long interview I dive into 10 Questions with Trent the founder of Exclucity and the author of a memoir and business book series that opens the door to how both Nike and adidas’ moves to…
I received a press release from Red Ball Jets announcing their wholesale relationship with Fred Segal. While this could be overlooked as an expansion by RBJ to retail, it’s worth discussing as we continue to see other digitally native brands who opened their own doors but stayed away from wholesale in many instances. In today’s…
From Bloomberg: Data show sustained consumer pivot away from Western brands (partial graphic above from Bloomberg) From Nike’s Fiscal 2022 Q2 report: Revenues in Greater China and APLA declined, largely due to lower levels of available inventory resulting from COVID-19 related factory closures Source: How Nationalism in China Has Dethroned Nike, Adidas Bloomberg recently ran…
The limited-edition Air Jordan VIII (UofO PE) designed by Tinker Hatfield Only 100 pairs available via DropX auction. 12/13 at 12pm ET. Since StockX introduced their IPO concept for brands to release limited edition items, I’ve stated that it was an excellent business strategy that was a perfectly dangerous tactic which would expedite DTC for…
Source: Jimmy Jazz | Shoes, Streetwear, Sportswear & Designer Clothes Jimmy Jazz has long been one of my favorite retail chains that was built around the Nike wall. In past posts, I explained that the Nike wall wasn’t a good thing for retailers. Jimmy Jazz, however, for years has been able to capitalize on smart…
Average Sold Price In previous RRA’s I haven’t broken down my profit. I’d like to do that here, but it will be confusing. I’ll try to make it as clear as possible. First I’ll give you the Average resale price of the shoes sold on StockX which was $112.62 before fees. After StockX fees, the…
The Investor Relations website contains information about Foot Locker, Inc.’s business for stockholders, potential investors, and financial analysts. Source: Foot Locker, Inc. Q1 2021 Earnings Webcast | Foot Locker, Inc. In a recent drive I encountered shuttered City Gear stores, and FootLocker brand stores fighting to fill the holes in their walls. This isn’t relegated…
