KSWS: Yet More Indication That Bottom is Past

Here's a quote from Foot Locker's conference call. It speaks volumes to tust one sliver of upside to the K-Swiss investment thesis.

"I don't think we bought enough of the moderate priced product. And I think, you know, if you don't have sufficient amount of product to offer the consumer, you're not going to sell it. So in my view, I think we need to step on the gas a little in that zone and do it profitably from an off-price method, not just take it out of our hyde. We always had very successful two for 89 programs around here. That kind of dissipated a couple years ago. We had the merger of Reebok with Adidas, and we had a huge, huge business in that white shoe product, as well as with K-Swiss. Those heavy sole, whatever you want to call them, tennis shoes, shopping shoes, I think some of our competitors have taken that business from us, and that we need to be a little more aggressive in that area. Actually, I take it back. We need to be a lot more aggressive."