I’ve been very critical of Foot Locker. During retail dives, even with shipping constraints and supply chain issues, it seemed both JD Sports and Hibbett Sports were outperforming Foot Locker simply based on the amount of sneakers being allotted to the chains. Nike’s continued Consumer Direct Acceleration, accelerated the demise of Footaction, and in my…
Source: NEW BALANCE AND COCO GAUFF REVEAL THE TENNIS STAR’S FIRST COLLECTION New Balance continues to roll out collabs utilizing their athletes and celebrating their endorsement of teams. It’s a page from the classic marketing textbook for sneaker companies. That isn’t what’s important here. What is important is how New Balance is balancing their relationships…
STORE OBSERVATIONS: 1. Hibbett Sports and City Gear both are merchandising with duplicate models on the wall. Every retailer is doing this. The Jordan wall might as well be taken down. Even with duplicates, there are about six pair total in that section. Stores are relying heavily on apparel. Jordan Brand is in limited supply…
Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash as it looks to extend its reach in Asia. Source: Foot Locker to buy two shoe store chains for $1.1 billion Ran across an article on LinkedIn from podcaster Izzy Lugo stating that FootLocker was buying Atmos…
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…
STORE OBSERVATIONS: 1. Hibbett Sports and City Gear have serious inventory issues. One City Gear store’s Jordan Brand wall was one of the worst things I’ve ever seen for a chain with an account in good standing with Nike. It’s not just one store either. Almost every store has a shortage of Nike inventory. This…
FootLocker has named ME. as Women’s Creative Director, but this isn’t a clear cut hire. ME. is dope and she’s one of the hottest designers in the industry right now, but FootLocker has a long history of poor decisions when it comes to women. As a matter of fact, if you look at any FootLocker,…
This is a long video, so I’m dropping links to each section and a minute breakdown below. In this video I said that this could be problematic for FootLocker. After speaking with a prominent analyst he reminded me that dropshipping means FootLocker gets paid without ever making a purchase. While this seems good on the…
I was asked a question about StockX’s recent valuation and funding round based on an article discussing the value of StockX and GOAT as equal to that of FootLocker. The back and forth led to a question about what I thought FootLocker was doing wrong that no one is talking about. I told the analyst…
Buy my books on the sneaker industry: https://amzn.to/3lD82gb New Balance x Pensole on FootLocker: https://www.footlocker.com/category/collection/new-balance-pensole.html?fbclid=IwAR1FDxTx0oIIvvqwHUsDu4dDwGYTPHyEK3I3A8vnSnLkr5LDnfWc58fxc-U New Balance x Pensole Video on NB YouTube: https://www.youtube.com/watch?v=C1UEAU9v6pg I’ve been writing about the relationship between Pensole and FootLocker since I learned that they placed seed money into the Instructional Design Academy. I’ve long discussed that retail will have to…
The following letter was shared by Patrik Frisk with Under Armour’s global teammates on June 8, 2020. https://undrarmr.co/30jSc2R Source: A Message From Under Armour CEO Patrik Frisk On June 8th UA’s CEO wrote a letter. On April 22nd, 2016 Under Armour’s share price was 44.74. Today, Under Armour’s share price is 8.49. On June 8th UA’s CEO…
picture from the Careers at FootLocker site I often share information that derives from unofficial visits to various retail locations. The conversations during these visits happen with sales leads, managers, district managers and in some instances regional managers. I am able to engage every person in a way that isn’t intrusive or threatening. The information…
The Kyrie 6 officially launched on 11/22/2019. The shoe was discussed on blogs and sneaker sites as a modernized version of the Air Yeezy 2. The feedback was solid and interaction on social media showed a lot of promise. Launch Day has arrived and after 3 days (a short release window) for the basic Black/White…
Update: In the video I incorrectly stated that The NTWRK was created in conjunction with ReedSpace by Jeff Staple. It was actually founded by Aaron Levant. FootLocker is a multi-billion dollar company that doesn’t make decisions on whim. They have been strategically investing in businesses since last year. Some of the investments are private label…
Footlocker’s Greenhouse is an incubator that will provide an introduction to small brands and artists who are looking to reach people interested in supporting indie fashion labels that won’t be covered on the major sneaker and streetwear websites. The problem is the App launched on September 17th, 2019 with the founder of PSNY which isn’t…
Source: https://superheroic.com/collections/footwear In the wake of Nike’s announcement of its subscription box service for kids, Super Heroic fires back with an event for the people, with the people and intrinsically by the people. The brand, dedicated to play and dedicated to giving parents a true sense of community, pulled out all of the stops…
Nike Adventure Club – The sneaker club for adventurous kids Source: Nike Adventure Club In typical fashion I allowed others to share the information about Nike’s first subscription service to make sure that any ideas other analysts and sites had were not similar to what I see happening. Also in typical fashion I’m going to…
This week I’m looking at two very different store openings. Nike took the time to open their very first door again. The original Nike store was a Blue Ribbon Sports Store operated by employee #1 Jeff Johnson: https://arch-usa.com/blue-ribbon-spor… Foot Locker is opening Power Stores that will be a sort of community based store that offers…
In my prediction for ASICS at the beginning of this year I said that this was the brand to watch. While ASICS hasn’t been able to put together the moves I thought they should to really make a move this year, they are doing some very, very good work in both retro footwear, performance…
Originally posted on Housakicks Nike’s relationship with its longtime distribution channels might be coming to an end, and very soon. The DTC ( Direct To Consumer) push is definitely the brand’s top priority. There are red flags everywhere indicating that Nike is no longer content with the “wholesale” aspect of running its business. I was just…
As December winds down expect to see an endless stream of data on Q4 2016. My analysis for Q4 will be based on the AHN Data and I will begin to gather that in the next week along with the Housakicks site and share my predictions on 2017 and where I see the major footwear…
Shares of Foot Locker were higher on Friday after its third-quarter earnings beat expectations. Earnings of $1.13 a share were three cents ahead of analysts’ estimates, while revenue of $1.88 billion was in-line with forecasts. Same-store sales increased 4.7% year-over-year, but were flat when compared to the second quarter. Inventory also rose by more than…
