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The Zacks Analyst Blog Highlights: Nike, Adidas, VF, Footlocker and Dicks Sporting
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For Immediate Release
Chicago, IL –October 24, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nike (NKE - Free Report) , Adidas (ADDYY - Free Report) , VF Corp. (VFC - Free Report) , Footlocker (FL - Free Report) and Dicks Sporting Goods (DKS - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Sneaker Retail Obsession: More Real than Ever
Recently, consumers have become more and more interested in the sneaker industry, leveraging sales and demanding for more. Sales for the sports footwear market grew by almost 50% in 2017, through brands like Nike, Adidas and more recently Vans, owned by VF Corp. It seems as though this sneaker trend and obsession stems from the younger generation. According to Forbes, millennials spent $21 billion on footwear in 2014, a 6% increase from the prior year.
What Brands Are Trending?
We all know of the major sneaker brands – Nike and Adidas. In the past year, Adidas has seemingly been doing better than Nike, with all the World Cup sponsorships, new lifestyle sneaker releases, and brand endorsements. However, in a survey by investment firm Piper Jaffray, 41% of consumers identified Nike as their favorite footwear brand. Trailing behind Nike was streetwear brand Vans at 19%, making it the only other brand that has come that close to Nike.
In its recent quarterly report, VF Corp. posted a 26% increase in Vans brand revenue, with an overall total of almost $4 billion in revenue. According to Quartz, Vans pushed out Nike as the number one brand among upper income females. Women have been ditching their high heels and turning towards sneakers, because it’s all about comfort now. Sales of heels have declined 11%, whereas sales for women’s sneakers have increased 37% over the past year.
It’s no surprise that sneaker retail has increased over all demographics. These brands have created strong brand loyalty amongst their consumers and continue to see an increase in revenue because of that. Consumers are looking for the same thing they did with athleisure clothing – comfort, but presentable. Not only do sneakers work for athleisure, but people have started wearing sneakers with business clothing and more so have made it an everyday clothing item. According to Retail Dive, VP and senior industry analyst of NPD group, Matt Powell, stated that sneakers outpace both dress and casual shoes combined, and that it’s more about a look and lifestyle for consumers now.
What’s Next?
Sneaker brands are constantly innovating and creating new products for all of the “sneaker heads” out there. One thing for sure is that consumers all over the world, know what shoe is coming out next and where to buy it. Not only does that make a difference to the overall success of this industry, but also the fact that this success gives the brands a lot of choices when it comes to distribution channels. For example, Nike is distributed from its brick-and-mortar store, online and through third party stores such as Footlocker, Finish Line and Dicks Sporting Goods. When these brands do well, more distributors will be willing to keep their products in stock, which is a win-win situation for both.
With the recent success of brands like Vans, it is clear that the sneaker industry is only continuing upwards. With new releases and unique products, these footwear brands are only looking to find ways to increase consumers and sales. It can be said that this sneaker obsession that consumers seem to have is really driving sales upwards for its respective industry.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Nike, Adidas, VF, Footlocker and Dicks Sporting
For Immediate Release
Chicago, IL –October 24, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Nike (NKE - Free Report) , Adidas (ADDYY - Free Report) , VF Corp. (VFC - Free Report) , Footlocker (FL - Free Report) and Dicks Sporting Goods (DKS - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Sneaker Retail Obsession: More Real than Ever
Recently, consumers have become more and more interested in the sneaker industry, leveraging sales and demanding for more. Sales for the sports footwear market grew by almost 50% in 2017, through brands like Nike, Adidas and more recently Vans, owned by VF Corp. It seems as though this sneaker trend and obsession stems from the younger generation. According to Forbes, millennials spent $21 billion on footwear in 2014, a 6% increase from the prior year.
What Brands Are Trending?
We all know of the major sneaker brands – Nike and Adidas. In the past year, Adidas has seemingly been doing better than Nike, with all the World Cup sponsorships, new lifestyle sneaker releases, and brand endorsements. However, in a survey by investment firm Piper Jaffray, 41% of consumers identified Nike as their favorite footwear brand. Trailing behind Nike was streetwear brand Vans at 19%, making it the only other brand that has come that close to Nike.
In its recent quarterly report, VF Corp. posted a 26% increase in Vans brand revenue, with an overall total of almost $4 billion in revenue. According to Quartz, Vans pushed out Nike as the number one brand among upper income females. Women have been ditching their high heels and turning towards sneakers, because it’s all about comfort now. Sales of heels have declined 11%, whereas sales for women’s sneakers have increased 37% over the past year.
It’s no surprise that sneaker retail has increased over all demographics. These brands have created strong brand loyalty amongst their consumers and continue to see an increase in revenue because of that. Consumers are looking for the same thing they did with athleisure clothing – comfort, but presentable. Not only do sneakers work for athleisure, but people have started wearing sneakers with business clothing and more so have made it an everyday clothing item. According to Retail Dive, VP and senior industry analyst of NPD group, Matt Powell, stated that sneakers outpace both dress and casual shoes combined, and that it’s more about a look and lifestyle for consumers now.
What’s Next?
Sneaker brands are constantly innovating and creating new products for all of the “sneaker heads” out there. One thing for sure is that consumers all over the world, know what shoe is coming out next and where to buy it. Not only does that make a difference to the overall success of this industry, but also the fact that this success gives the brands a lot of choices when it comes to distribution channels. For example, Nike is distributed from its brick-and-mortar store, online and through third party stores such as Footlocker, Finish Line and Dicks Sporting Goods. When these brands do well, more distributors will be willing to keep their products in stock, which is a win-win situation for both.
With the recent success of brands like Vans, it is clear that the sneaker industry is only continuing upwards. With new releases and unique products, these footwear brands are only looking to find ways to increase consumers and sales. It can be said that this sneaker obsession that consumers seem to have is really driving sales upwards for its respective industry.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.