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Takeaway: We remain positive on the space and the R&D driven cycle benefitting key players – NKE, FL, and FINL (long); UA (short near-term).

Athletic Footwear and Apparel sales continue to improve following Sandy related disruptions in early November. In addition, the setup for both footwear and apparel gets increasingly more favorable through year-end.


Pricing remains healthy up MSD-HSD, reflecting the increasing mix shift towards basketball footwear in light of last year’s NBA strike as well as efforts to offset apparel costs.


The key brands of note continue to be Nike, Brand Jordan, Adidas, Under Armour, as well as VFC’s The North Face. We remain positive on the space and the R&D driven cycle benefitting key players – NKE, FL, and FINL (long); UA (short near-term).

Athletic FW & Apparel Update Post Sandy - FW App table

 

Athletic FW & Apparel Update Post Sandy - App FW 1yr

 

Athletic FW & Apparel Update Post Sandy - App FW 2yr

 

Athletic FW & Apparel Update Post Sandy - FW sales

 

Athletic FW & Apparel Update Post Sandy - FW mk sh

 

Athletic FW & Apparel Update Post Sandy - App Sales

 

Athletic FW & Apparel Update Post Sandy - App Mktsh