Retail: 75
1.21%
Retail: 188
0.04%
Monday, October 14, 2019
Volume 3, Issue No. 41

Acquisition
JackRabbit Broadens Reach in Northeast with Olympia Sports Deal

CriticalPoint Capital (CPC)-controlled JackRabbit last week acquired certain assets and liabilities of the 45-year-old, family-owned Olympia Sports chain for an undisclosed sum. The deal includes Olympia’s online presence and the Olympia Sports brand. (Read More)

Week in Review: Running Records, China, NBA Take Center Stage

Nike is making waves in long-distance running with its advanced VaporFly concept. Kenyan Eliud Kipchoge broke the two-hour marathon barrier with a time of 1:59:40 in a specially-tailored event in Vienna, Austria on Saturday, a day before Kenyan Brigid Kosegi broke a 16-year record at the Chicago Marathon (2:14.04) in a women’s version of Nike’s new NEXT% marathon shoe. (Read More)

Podcast
New Balance Gears Up for TCS New York City Marathon

Jeff Garabedian, head of global performance running apparel for New Balance, discusses the brand’s third year as the race’s official footwear and apparel sponsor. He also touches on trail running, the use of reflectives in running apparel and the brand’s overall approach to its key race properties, which also include the London Marathon, Nagoya, Japan Women’s Marathon and Shanghai, China Half Marathon.

3 Qs with UA’s Connected Fitness Team

Under Armour and Samsung have jointly launched the Galaxy Watch Active2 Under Armour Edition (MSRP $309.99-$329.99). Designed for runners, the watch is built to help runners track and improve both their fitness and form, with features such as cadence-based, real-time form coaching and access to UA’s MapMyRun fitness community. (Read More)

Gearing Up for Holiday 2019: Brands Look For an Edge

With fewer than 80 days until Christmas and 85 days until 2020, the upcoming holiday season took center stage for athletic and outdoor brands last week via the release of semi-annual research and a first-ever seasonal fashion show from Dick’s Sporting Goods in New York City’s Chelsea district. (Read More)

What’s New? What’s Hot!

Patagonia is offering 61 styles of its 100-percent, waterproof shells made with recycled materials and sewn in Fair Trade Certified factories in a collection dubbed Shell Yeah! The company says it will get to carbon neutrality across its entire business by 2025 by using more recycled fabrics as it does here. (Read More)

The Buzz: NCAA, FDRA, Forsake, OIA, Golf Datatech, Selkirk

California college athletes in the state will be allowed to profit from the use of their names, images and likenesses under legislation signed into law last week by Gov. Gavin Newsom. But the state law is expected to face legal challenges, most significantly from the NCAA. (Read More)

Tubes of the Week

Mon, Aug 28, 2017
Vol 1, Issue No. 33
Numbers In Play
The Sports Insight Index is our opinion of what we think are the 30 most important public companies in the industry, 15 vendors and 15 retailers. Space considerations prevent us from tracking more, but we will make changes over time.
Retail
Despite a wild week on many fronts from weather to Washington, D.C. to the situation in Syria, the Dow was up nearly 225 points or 0.86 percent for the period ended Oct. 10. The DJIA rose 150.66 on Thursday, a day ahead of another rise on Friday due to positive news on the European Union-Brexit, U.S.-China trade and news that The Fed will purchase $60 billion monthly in short-term notes to ease any liquidity concerns within the U.S. banking system. Eleven stocks rose, led by biggest gainer Sportsman’s Warehouse, and four declined, paced by Camping World on a percentage basis. Big 5 Sporting Goods has named Stephen Carley, the former CEO of Red Robin Gourmet Burgers, to its board. Dick’s shares bounced higher after CEO Ed Stack’s appearance on CNBC where he said he did not expect any slowdown in holiday purchases by consumers this year. Target (not on the Index) is helping to launch the new Toys R US website and handle all sales and order fulfillment for it via a deal with Toys’ new owner, TRU Kids. Walmart’s new U.S. President and CEO on Nov. 1 will be John Furner, who will work with the discounter’s ecommerce czar, Marc Lore, on continuing to improve the retailer’s omnichannel experience. Separately, the discounter reportedly laid off dozens at Bonobos, which it purchased for $310 million in 2017, on Oct. 7. Kohl’s CFO Bruce Besanko is retiring Dec. 31, stepping away from the post on Nov. 1 with VP of Finance Jill Timm taking over.  
Brands
Potentially good news for U.S. consumers and brands that manufacture in China came Friday with news from the Trump Administration that a “very substantial phase one (trade) deal” with the country has been made covering intellectual property, financial services and Chinese purchases of U.S. farm goods. A planned tariff increase to 30 percent from 25 percent on some Chinese imports, scheduled to take effect tomorrow, has been halted. From a political perspective, the China “trade win” was needed for the administration following a week of negative news on Syria-Kurds and the ongoing impeachment inquiry investigation by the House. Meanwhile, new data released last week suggested U.S. manufacturing was in a recession, but U.S. consumers are more optimistic this month with their sanguinity at a three-month high. The Segment outperformed the Dow for the period with a nearly 2.6 percent increase. Biggest percentage gainer was Callaway; biggest percentage decliner was GoPro, which began fulfilling pre-orders of its new Hero8 Black camera a week ahead of schedule and saw hedge fund Prentice Capital increase its stake. Fitbit (no longer on the Index) is shifting certain manufacturing operations away from China to avoid Section 301 tariffs and by Jan. 2020 will no longer maker any of its smartwatches or trackers in the country. Puma strikes a multi-year sponsorship contract with esports brand Cloud9 for an apparel collection. Nike decides to shutter the Oregon Project, an elite running/training group, after the initiative’s head coach and Swoosh endorser Alberto Salazar was slapped with a four-year ban due to doping. Nike is expected to assist Oregon Project athletes, including Chicago Marathon participants Galen Rupp and Jordan Hasay, transition to new coaches. Adidas teams with Snapchat and Dick’s Sporting Goods, according to Business Insider, on the first sponsored, shoppable mobile game, “Baseball’s Next Level,” on the app. Peloton sees its Italian rival, Technogym, enter the streaming-online-fitness class market.

Weekly Review

Retail Name
(Ticker Symbol)

% Change over week
Price 10/03/19 • 10/10/19

Big 5 Sporting Goods
(BGFV)

15.53%

$2.06 • $2.38

Sports Direct
LON: SPD

1.55%

$351.10 • $345.65

Camping World
CWH

8.98%

$8.69 • $7.91

Dick's Sporting Goods
DKS

0.77%

$38.91 • $39.21

JD Fashion
jD

0.44%

$907.92 • $911.93

Foot Locker
FL

1.35%

$41.43 • $41.99

Genesco
GCO

1.59%

$37.80 • $37.20

Hibbett Sports
HIBB

0.13%

$22.57 • $22.60

Kohl’s
KSS

9.06%

$46.59 • $50.81

Macy’s
M

3.24%

$14.81 • $15.29

Sportsman’s Warehouse
SPWH

20.23%

$5.24 • $6.30

Shoe Carnival
SCVL

2.12%

$32.14 • $31.46

Tilly’s
TLYS

6.89%

$9.15 • $9.78

Walmart
WMT

2.85%

$116.31 • $119.62

Zumiez
ZUMZ

2.27%

$31.21 • $30.50

TOTAL
WEEK OVER WEEK

0.40%

$1,665.93 - $1,672.63

Brand Name
(Ticker Symbol)

% Change over week
Price 10/03/19 • 10/10/19

Acushnet Holdings
GOLF

1.88%

$26.00 • $26.49

adidas
addyy

3.20%

$148.83 • $3.20

Callaway
ELY

6.97%

$18.51 • $19.80

Columbia Sportwear
COLM

3.81%

$93.62 • $97.19

Deckers Brands
DECK

1.69%

$146.12 • $143.65

GoPro
GPRO

18.75%

$4.16 • $3.38

lululemon
LULU

4.20%

$190.15 • $198.13

Nike
NKE

0.83%

$92.23 • $93.00

Peleton
PTON

3.63%

$22.33 • $23.14

Puma
PUMA

9.44%

$72.87 • $79.75

Skechers
SKX

1.81%

$36.53 • $35.87

Under Armour
UA

2.00%

$17.51 • $17.86

VF Corp.
VFC

1.62%

$87.19 • $88.60

Wolverine Worldwide
WWW

1.99%

$27.13 • $27.67

Yeti
‍‍YETI

4.42%

$28.28 • $29.53

TOTAL
WEEK OVER WEEK

2.59%

$1,011.46 - $1,037.65

RETAIL: 69

31.16%

BRANDS: 182

82.45%

Index base of 100 is key to the closing prices of 12/31/14

Sports Insight Extra Podcast Series