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Today's spotlight is on JD Sports Fashion igniting the market with a remarkable share surge of nearly 15%. 🚀 JD Sports outperformed the sportswear industry in fiscal 2024! 📈 With total sales hitting £10.5 billion ($13.27 billion) and like-for-like sales up 4.2%, JD Sports is on a winning streak! 💪 What's your take on JD Sports' stellar growth? Do you want your brand to follow in their footsteps? Join the conversation below! 💬 Read more about their Strategic Process in this article by Footwear News: https://hubs.ly/Q02rb0hl0 #ENDVR #IndustryNews #JoinTheConversation

“Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance.” “The big-box sports store’s comparable sales grew 5.3% during its fiscal first quarter, well ahead of the 2.4% growth that analysts had expected, according to StreetAccount.” “The company said that growth was driven by increased transactions, meaning more customers are shopping at Dick’s, and higher average ticket values, showing that shoppers are spending more, too.” “CEO Lauren Hobart said she expects “robust demand from athletes” in the quarters ahead, which underscores the company’s outlook. Even so, the sales guidance falls a bit flat after the retailer’s first-quarter revenue beat.” “Dick’s now expects comparable sales to rise between 2% and 3%, compared with previous guidance of up 1% to 2%. The low end of that range is only in line with the 2% growth that analysts had expected, according to StreetAccount.” “Dick’s is expecting full-year revenue to be between $13.1 billion and $13.2 billion, which is also in line with estimates of $13.16 billion, according to LSEG.” “Over the last year, consumers beaten down by stubborn inflation and high interest rates have pulled back on discretionary items like new clothes and shoes, but the apparel and footwear markets have shown some signs of life over the last couple of weeks.” “Dick’s performance indicates that consumers are willing to shell out for new releases and other staples from big brands like Nike, Hoka, Adidas and On Running, and are spending on things that they may not necessarily need, but are nice to have.” - Gabrielle Fonrouge

Shares of DICK'S Sporting Goods soared on Thursday morning after the retailer reported sales and earnings figures that crushed expectations. In the fourth quarter, the sporting goods store’s revenues were $3.88 billion, up 7.8 percent from the same quarter last year and ahead of the $3.8 billion expected by analysts surveyed by Yahoo Finance. Non-GAAP earnings per diluted share were $3.85, up 31 percent from last year and ahead of the $3.35 analysts were looking for. Comparable store sales were up 2.8 percent, with growth across footwear as well as apparel.

Deckers Brands reports record revenue growth 👏 The global footwear and apparel group has announced an 18% increase in net sales for the fiscal year 2024, taking total sales to $4.2bn. For the 12 months ending March 31st, the Californian-based company revealed a 12.6% increase in wholesale net sales ($2.8bn) and a 26.5% increase in DTC sales ($1.8bn). The company's strong performance can partly be credited to the impressive growth of brands, HOKA and UGG, with sales growing 27.9% and 16.1% respectively. Dave Powers, President and CEO of Deckers, commented: "Deckers achieved record results during fiscal year 2024, as we delivered revenue growth of 18% and increased earnings per share by 51%, reflecting a continued dedication to maintain exceptional levels of profitability as our brands scale." “Hoka and Ugg remain two of the most admired and well-positioned brands in the marketplace, each with a robust innovation product pipeline designed to win with global consumers. Looking forward, our talented teams are highly motivated to continue driving towards the long-term opportunities of these iconic brands.” #News #Fashion #Footwear #Lifestyle #Sales #Performance #Growth

Strong momentum…impressive results! Is there a growth limit for these new brands? 📈as well as On, #HOKA has seen impressive development over the past 5 years, fueled by consumers' appetite for the outdoors and running, but also by bold product innovation, both in terms of technology and design. 🎯Apart from DtC expanding through their online stores and concept stores in key cities to reach more consumers and improve the brand image, the other challenge to maintain growth is to expand into a category of products other than footwear. Indeed, when we look at and compare the #On and HOKA assortment with traditional sports players, it is quite clear... Share of footwear in the total assortment (all genders, number of options available 27/06/2024 on the French market, #EDITED) 👟Nike > 24,4% 👟Adidas > 30,2% 👟Puma > 39,8% 👟On > 45,7% 👟HOKA > 72,7% It looks like On already started to make progress on this topic thanks to the recently hired Tim Coppens. Coppens, who had his own menswear collection and also designed a high-end line for Under Armor for a short time, joined On about a year ago #sportsindustry #categorymix #brandstrategy #retailintelligence

Only put off until tomorrow what you are willing to die having left undone. Skechers (NYSE:SKX) Posts Better-Than-Expected Sales In Q3, Stock Soars In an impressive display of strength, Skechers (NYSE:SKX) has announced better-than-expected sales in the third quarter, causing its stock to soar. The renowned footwear company reported robust revenues, surpassing market forecasts and generating significant investor interest. With a solid track record and a commitment to innovation, Skechers continues to establish itself as a leader in the industry. The company's ability to adapt to changing market dynamics and cater to evolving consumer preferences has undoubtedly contributed to its success. Investors who have recognized the potential of Skechers and embraced the opportunity to invest in the company are reaping the rewards. The surge in stock prices serves as a testament to the value of making informed investment decisions. Don't miss out on the chance to grow your Health Savings Account (HSA) through wise investing. Take action today and explore the possibilities that investing in companies like Skechers can offer. By maximizing the potential of your HSA with strategic investment choices, you can simultaneously build wealth while safeguarding your health and the well-being of your loved ones. #hsa #investing #healthcare #health #family #wellness 💪💰📈✨

Comfort is king. At the end of last month, Skechers announced their Q1 figures for 2024, recording a 12.5% increase in sales to $2.25bn, propelled by strong sales in both domestic and global markets. This figure was significant for a few reasons; firstly, it beat their own punchy estimates announced after a record 2023, but also that the customer desire and enthusiasm for the brand showed no sign of slowing down. 2023, was a huge year for Skechers; delivering sales of $8bn and debuting on the Fortune 500. At this rate, they'll hit $10bn by 2026 – good going for a brand only formed in 1992 by CEO Robert Greenberg, after he sold 1980’s uber-label L.A. Gear. Skechers 2023 numbers are compelling; DTC revenue grew +24% in total, with EMEA delivering a phenomenal +53.1%, followed by APAC at +21.2% and the Americas growing +14.6%. COO David Weinberg also attributed the wholesale “return to growth” to an improved inventory position internationally, and an “improvement in the flow of orders” domestically. These figures are significant as Europe has historically been aloof to the all-American charm of Skechers. We turned our nose up at their focus on ‘comfort over coolness’ and laughed at the cheesy advertising, with bland celebs. Even when Snoop dropped a collab, we all laughed as we all know he’d do anything for the dollar. But the big noise coming out of Europe last year was securing Harry Kane as a lifetime collaborator on a deal reminiscent of Michael Jordan’s Nike contract. Kane’s own sponsorship with Nike had ended in late 2022 and he was being courted by all major sportswear brands. He’d even started wearing plain unbranded boots, from no distinguishable brand, which turned out to be the wearer trials perfecting Skechers’ launch into football. It is a major coup for them, but they know that Kane still has 5-6 playing years left in him and is already England’s record goal scorer. Skechers are betting big on his image and gravitas transitioning from football boot to casual ranges. Expect to see him finish his career in the US... Skechers are now the third biggest footwear brand in the world. They know exactly who they are and more importantly who their customer is - few brands can effortlessly mix nostalgia and innovation in the way they do. Skechers have honed their USP on three key elements to stand out: Culture, comfort, and catering to a multitude of both styles and lifestyles. From Martha Stewart to Mr. T, to elite-level National Basketball Association (NBA) players Julius Randle and Terance Mann. A footwear exec said to me the other day that Skechers could "do a Crocs", but given they are twice their size already, that ship has long sailed, plus of course, if you become cool, sooner or later someone steals your crown. Skechers will happily keep acquiring consumers who value foot health over anything else. Because sometimes middle of the road is the best place to be. DHR Global #footwearnews

Comfort is king. At the end of last month, Skechers announced their Q1 figures for 2024, recording a 12.5% increase in sales to $2.25bn, propelled by strong sales in both domestic and global markets. This figure was significant for a few reasons; firstly, it beat their own punchy estimates announced after a record 2023, but also that the customer desire and enthusiasm for the brand showed no sign of slowing down. 2023, was a huge year for Skechers; delivering sales of $8bn and debuting on the Fortune 500. At this rate, they'll hit $10bn by 2026 – good going for a brand only formed in 1992 by CEO Robert Greenberg, after he sold 1980’s uber-label L.A. Gear. Skechers 2023 numbers are compelling; DTC revenue grew +24% in total, with EMEA delivering a phenomenal +53.1%, followed by APAC at +21.2% and the Americas growing +14.6%. COO David Weinberg also attributed the wholesale “return to growth” to an improved inventory position internationally, and an “improvement in the flow of orders” domestically. These figures are significant as Europe has historically been aloof to the all-American charm of Skechers. We turned our nose up at their focus on ‘comfort over coolness’ and laughed at the cheesy advertising, with bland celebs. Even when Snoop dropped a collab, we all laughed as we all know he’d do anything for the dollar. But the big noise coming out of Europe last year was securing Harry Kane as a lifetime collaborator on a deal reminiscent of Michael Jordan’s Nike contract. Kane’s own sponsorship with Nike had ended in late 2022 and he was being courted by all major sportswear brands. He’d even started wearing plain unbranded boots, from no distinguishable brand, which turned out to be the wearer trials perfecting Skechers’ launch into football. It is a major coup for them, but they know that Kane still has 5-6 playing years left in him and is already England’s record goal scorer. Skechers are betting big on his image and gravitas transitioning from football boot to casual ranges. Expect to see him finish his career in the US... Skechers are now the third biggest footwear brand in the world. They know exactly who they are and more importantly who their customer is - few brands can effortlessly mix nostalgia and innovation in the way they do. :Skechers have honed their USP on three key elements to stand out: Culture, comfort, and catering to a multitude of both styles and lifestyles. From Martha Stewart to Mr. T, to elite-level National Basketball Association (NBA) players Julius Randle and Terance Mann. A footwear exec said to me the other day that Skechers could "do a Crocs", but given they are twice their size already, that ship has long sailed, plus of course, if you become cool, sooner or later someone steals your crown. Skechers will happily keep acquiring consumers who value foot health over anything else. Because sometimes middle of the road is the best place to be. DHR Global #footwearnews

On Holding's focus on selling premium-priced products and bringing in newer products to the market drove a quarterly sales beat at the sports footwear maker and helped it raise annual sales forecast on Tuesday. Wholesale retailers have opened up shelf spaces for upstart brands such as On and Deckers Outdoor's Hoka, which have been able to pull in customers through innovative product lines and have stayed relevant at a time when name brands like Nike and Adidas take a hit. On aims to open more directly owned stores as demand remains strong for its products which come at elevated price levels compared to bigger brands. "The focus for us remains on multi-channel. We clearly see the power of that strategy and so we want to grow both in parallel with a little bit stronger growth in our direct-to-consumer channel," Co-CEO and CFO Martin Hoffmann told Reuters in an interview. For Reuters #News #Sportswear #Onon #RogerFederar #Nike #Runningshoes #Cloudmonster

FOOTWEAR FRIDAY On is ON FIRE Congratulations Marc Maurer Martin Hoffmann Sneaker brand On on Tuesday reported that Q3 net sales rose 32.3% to 635.8 million Swiss francs (about $721 million at press time), with direct-to-consumer sales up 49.8% to 246.7 million Swiss francs and wholesale up 23.2% to 389.1 million Swiss francs. • Gross profit margin expanded to 60.6% from 59.9% a year ago, the highest since the company went public in September 2021, "driven by growth in the DTC channel and a continued disciplined approach to full-price sales." Net income fell by nearly 50% to 30.5 million Swiss francs. • To take advantage of what the company described as "exceptional growth" in Asia - net sales in the Asia-Pacific region surged 79.3% - executives on Tuesday told analysts that it will open two flagship stores in China. Net sales rose 15.1% in Europe, the Middle East and Africa and 34.1% in the Americas. Retail Dive Daphne Howland #footwear #sneakers #outdoors The #distruptors On HOKA New Balance NOBULL are nipping on the heels of the #incumbents Nike adidas