There was a notable acceleration in the underlying $130+ footwear price point growth in June which accounted for 17% of sales throughout the month. Additionally, Basketball (30% of sales within the channel), which typically carries a greater ASP relative to other athletic footwear categories, appears to have been the only category in the channel to also show a sequential acceleration in underlying trends. We expect FL was the primary benefactor of the incremental $130+ strength given it has the greatest exposure to basketball footwear within the athletic specialty subsector.
