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.
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