How the digital sneaker boom changed Foot Locker’s business

Foot Locker dominates the brick-and-mortar footwear category as the largest footwear retailer in the world. Its 2,900 stores worldwide span several brands, including Lady Foot Locker, Kids Foot Locker and Champs Sports. Since 2015, however, digital sneaker retailers have grown rapidly with the establishment of online marketplaces like StockX and GOAT. New brick-and-mortar streetwear stores like Flight Club and Stadium Goods have also entered the market. The sneaker business saw unprecedented growth in 2020 and is expected to reach $120 billion by 2026, according to research firm Statista. Cowen and…

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These retailers can best weather supply chain disruptions, two traders say

Supply chain woes are plaguing many retailers, but a few stocks may be able to withstand the heat, two traders say. Though Bank of America named Yeti Holdings and Dick’s Sporting Goods its top fourth-quarter picks for their relatively low exposure to Vietnam’s supply issues, a catch-all play like Costco may be the better bet, Laffer Tengler Investments’ Nancy Tengler told CNBC’s “Trading Nation” on Wednesday. “This is a company that is well positioned to handle supply chain disruptions,” the firm’s chief investment officer said. “The purchasing team is probably…

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Nike wins teen vote, but this footwear stock has an advantage, trader says

Footwear and apparel stocks are getting attention. A survey of 10,000 U.S. teens released Tuesday placed Nike in the top spot among their favorite footwear and apparel brands, with Adidas also ranking in the top three for footwear and pulling fourth alongside Lululemon for apparel. Wedbush analysts also revealed their optimism around the group in a Tuesday note, initiating coverage on 18 footwear and apparel stocks and giving Under Armour, Nike and Adidas outperform ratings. Supply chain issues have plagued the space in the past month, however, with Nike down…

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Foot Locker vs. Kohl’s: Two traders pick favorites after stocks get analyst love

Analysts are warming to parts of the retail trade. Deutsche Bank issued short-term buy ratings on Foot Locker and Kohl’s on Wednesday, saying the stocks’ recent underperformance could be setting them up for a rebound in the coming months. Of the two, Kohl’s looked better on a technical basis, Inside Edge Capital Management founder Todd Gordon told CNBC’s “Trading Nation” on Wednesday. “It’s below the 2018 highs, but we held the 200-week moving average very well,” he said, citing a chart. Zoom In IconArrows pointing outwards “We’re sort of in…

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