Footwear: Negative Top Line Data Point

I’m not pulling the alarm yet. But if I am raising an eyebrow over this, I’ve gotta think that some retailers are too.

I’m not loving the incremental change in sales in footwear over the past 1-2 weeks. Keep in mind that footwear was noted as a standout category by many retailers when August sales numbers were released. But since then, sales have decelerated on a 1, 2 and 3-year basis.

I will NEVER get bent out of shape and pull the plug on any investment thesis over a couple weeks of data. I know that inventories out there are clean, and the channel can stomach a slight inventory build. But if I am raising an eyebrow over this, I’ve gotta think that some retailers are as well. Let’s watch this real closely over the next few weeks.
Source: NPD FashionWorld

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