The Zacks Shoes and Retail Apparel industry continues to face challenges from rising costs, lower consumer spending on discretionary items, and increased marketing investments, which have weighed on profits. Additionally, unfavorable currency fluctuations pose risks for companies with global operations. However, the industry has been promising due to growing consumer interest in healthy lifestyles, driving demand for activewear and athletic footwear. Innovative designs have been key growth drivers for indus ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Carnival Corporation & plc (CCL) : This leisure travel services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 7.6% over the last 60 days. TransMedics Group, Inc. (TMDX) : This medical technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days. Community Financial System, Inc. (CBU) : This bank holding company has seen the Zacks ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Adidas AG (ADDYY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Adidas AG is one of 273 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #8 within the Zacks Sector Ran ...

No investor likes a recommendation downgrade. Investors clearly weren't ready to play with shares of Adidas (ADDYY -1.94%) on the second trading day of the week. The athletic wear company's U.S.-traded shares lost nearly 2% in value on a day when the market generally did well, with the S&P 500 index closing 0.5% higher. Adidas didn't have any negative news of its own to report, but an analyst's new take on the stock triggered the sell-off. Downgraded from buy to hold The person behind the move was Barclays ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Adidas AG (ADDYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Adidas AG is one of 280 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 w ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Adidas AG (ADDYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Adidas AG is a member of our Consumer Discretion ...

Alex, we have time for two more questions. Operator Monique Pollard Perfect. Thank you. Sebastian Steffen Thanks. The next question comes from the line of Jonathan Komp, Baird. Please go ahead. Yes. So there shouldn't be any misunderstanding, I'm confident on double-digit growth in the second half as we promised you. What I said that some of the orders that we meant for Q3 was actually delivered in Q2 because our retail partner was screaming for product. That's what I tried to say. But the demand will be do ...

Industry Overview - The Zacks Shoes and Retail Apparel industry includes companies that design, source, and market clothing, footwear, and accessories for various demographics [2] - The industry is currently facing challenges such as elevated costs, reduced discretionary spending, and increased marketing investments, which are impacting profits [12] Consumer Demand Trends - There is a strong consumer demand for activewear and athleisure products, which is expected to continue into 2024 [15] - Companies are focusing on product innovations, active promotions, store expansion, and enhancing e-commerce capabilities to capture market share [15] Cost Headwinds - Companies are experiencing elevated costs due to commodity cost inflation, supply-chain constraints, and increased logistic costs, which are expected to hurt margins in the near term [3] - Rising SG&A costs due to marketing expenses and investments in digital operations are also a concern for industry players [3] E-Commerce Investments - E-commerce is crucial for growth in the athleisure market, with companies investing in digital channels to build customer bases [4] - Efforts to enhance delivery systems and improve in-store experiences are expected to drive traffic and transactions [4] Stock Market Performance - Stocks in the industry have collectively declined by 28%, while the Zacks Consumer Discretionary sector and the S&P 500 have risen by 2.7% and 23.7%, respectively [7] - The industry is currently trading at a forward 12-month P/E of 18.28X, compared to the S&P 500's 21.5X and the sector's 16.6X [8] Company Highlights - **Caleres**: The company is benefiting from positive consumer demand trends and strong performances from its brands, with a focus on omnichannel growth [11][22] - **Skechers**: The company is investing in e-commerce and distribution, with expected growth in sales and earnings of 10.6% and 16.9%, respectively, for 2024 [21] - **Adidas**: The company is poised to gain from strong demand and improved margins, with a projected sales growth of 5.1% for 2024 [23][33] - **Wolverine**: The company is focusing on improving efficiency and expanding its DTC business, which is expected to contribute positively to its performance [29]

With the European Cup underway, it might be worth considering how sports play a role in the broader perception of companies. Some companies, despite being relatively unknown, pour significant sums of money into marketing during major sporting events. Other stocks are directly linked to the sporting events, giving them a leg up in organic marketing and product placement. Adidas (ADDYY) Now, with the release of several redesigned retro shoes, like the Samba and Gazelle, Adidas has also successfully broken int ...

Adidas is apparently looking to bring lower-cost shoe models to the market. Reuters reported Thursday the sportswear company indicated Samba and other shoes will become more affordably priced options in the $60 to $80 range. "It's important to understand that not everyone can afford to buy a shoe for $120 or $150, but everyone wants to take part in the same trends," CEO Bjorn Gulden told investors. GET FOX BUSINESS ON THE GO BY CLICKING HERE "What we do at the top, $100 and higher, we're bringing that down. ...