Under Armour and its rivals have pledged more than $1 billion to secure outfitting deals with top college programs. Now those megadeals are starting to pinch profits at the sportswear maker. Source: Mega Contracts With Colleges Start to Pinch Under Armour – WSJ Yesterday Under Armour encountered a crushing stock price drop. Today the recovery…
Under Armour’s (UA) earnings release wasn’t just bad for Under Armour’s stock but the stocks of other athletic apparel makers and retailers, including but not limited to Nike (NKE), Foot Locker (FL), Finish Line (FINL), Dick’s Sporting Goods (DKS) and Lululemon Athletica (LULU).Never mind that Under Armour’s disappointment, if you can call it that,…
Neiman Marcus CEO Karen Katz blamed a laundry list of factors for the luxury department store chain’s troubles. Source: Neiman Marcus Has Another Tough Quarter | Footwear News The readjustment of Macy’s and now Neiman Marcus’ continued slide speaks to the troubled waters around luxury brands. This article from Footwear News misses the real root…
The industry is finally seeing a handful of brands legitimately challenge Nike’s supremacy. Source: Why Intense Sneaker Market Competition Is Paying Off for Foot Locker | Footwear News I love it when I what I see verification of my words. The only reason I’m sharing this is because it completely supports number 10 in my…
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…
