Retail Callouts (1/21): NKE, AMZN, LB, JCP, SHLD, ZU, ICSC

Takeaway: E-comm biggest movers in 2014. Pos: NKE, ZU. Neg: Toys, LB, JCP, Zappos, SHLD. Easy comps and gas prices haven't flowed through ICSC #'s.

ECONOMIC DATA

 

Takeaway: A slight acceleration on both the 1 and 2yr trend lines, but January numbers aren't exactly blowing the roof off through the first 3-weeks of Jan. Comps are easy because of last year’s polar vortex, the average price of a gallon of gas is 40% below LY, but we still haven't seen that translate into $$$ at the retail cash register, or at least not the retailers that ICSC tracks.

Retail Callouts (1/21): NKE, AMZN, LB, JCP, SHLD, ZU, ICSC - 1 21 chart1

COMPANY HIGHLIGHTS

 

NKE, LB, AMZN - Who were America’s biggest Web traffic winners and losers in 2014?

(http://thenextweb.com/insider/2015/01/20/americas-biggest-web-traffic-winners-losers-2014/)

 

Takeaway: We track visitation stats through half a dozen sources for 250 sites across retail. But this is an interesting snapshot of the biggest winners and losers across the whole e-comm spectrum. Notable callouts on the negative side: Toys R Us, LB, JCP, AMZN (zappos.com), SHLD. On the positive side: NKE, ZU, AMZN (6pm.com). The two names that surprised on the negative side were LB and zappos. The first makes sense given the brand discontinued its direct apparel business in 2014. Zappos on the other hand made us pause, until we ran the numbers and found that while Zappos online market share in apparel and footwear has held flat in the 4.7% range for the past 4 years, AMZN has increased its penetration by 420bps to 14.7%. The more interesting thing to us is Nike on the positive side, which is the only Brand or Brick and Mortar retailer to land in the top 35. As we outlined in our Athletic Black book in December, 46% of consumers would prefer to visit nike.com first when shopping Nike footwear or apparel online. That coupled with the company's more vocal stance on its desire to grow its own DTC business = a significant headwind for traditional wholesale accounts.

 

Retail Callouts (1/21): NKE, AMZN, LB, JCP, SHLD, ZU, ICSC - rank 1502 520x793

 

OTHER NEWS

 

RL, NKE - Converse, Ralph Lauren Enter Trademark Settlement Agreement

(http://www.wwd.com/business-news/legal/converse-ralph-lauren-enter-trademark-settlement-agreement-8126326?module=Business-latest)

 

SHLD, TGT - Sears Canada Offers Criticism Of Target Canada, Discount And Jobs To Workers

(http://consumerist.com/2015/01/19/sears-canada-offers-criticism-of-target-canada-discount-and-jobs-to-workers/)

SPLS, ODP - Starboard Releases Letter to Staples CEO and Board of Directors

(http://www.prnewswire.com/news-releases/starboard-releases-letter-to-staples-ceo-and-board-of-directors-300022852.html)

U.S. Supreme Court Declines Challenge to Debit Card Rules

(http://www.wwd.com/business-news/government-trade/us-supreme-court-declines-challenge-to-debit-card-rules-8123557?module=Business-latest)

WMT - Walmart Launches First-of-its-Kind Cash Pickup Option for Tax Refunds

(http://news.walmart.com/news-archive/2015/01/20/walmart-launches-first-of-its-kind-cash-pickup-option-for-tax-refunds)

DECK - Deckers Brands Appoints David Lafitte To Chief Operating Officer

(http://ir.deckers.com/phoenix.zhtml?c=91148&p=irol-newsArticle&ID=2009059)

Sports Direct Shares Tumble as Founder Ashley Sells Shares

(http://www.bloomberg.com/news/2015-01-21/sports-direct-shares-tumble-as-founder-mike-ashley-sells-shares.html)

PVH - Hilfiger Takes Showroom Digital

(http://www.wwd.com/retail-news/direct-internet-catalogue/hilfiger-takes-showroom-digital-8126787?module=Retail-latest