The Footwear segment's 16.5 percent rise in 2020 came as six stocks, led by Deckers, Crocs, Puma and Nike, increased by double-digit percent-
ages. Conversely, nine industry stocks within the Segment declined by double-digit percentages, paced by retail parents, Designer Brands (DSW),
Genesco (Journeys) and Caleres (Famous Footwear).
8 • Footwear Insight ~ January/February 2021 footwearinsight.com
THE FOOTWEAR EYE
By Bob McGee
E
ach week in our
Footwear Insight Extra
newsletter online, the
Footwear Insight Index
tracks 20 of the most
important publicly
traded companies that
have a substantial footwear business
(6 retailers, 14 brands). In 2020, the
footwear segment tracked by the Index
rose more than 16.5 percent.
For the 12 months ended Dec. 30,
the Dow rose more than 1,967 points
to close the year up 6.9 percent.
The stock market reached record
highs despite the ongoing COVID-19
pandemic, high unemployment, a
weaker U.S. dollar and deteriorating
U.S. consumer confidence in 2020's final
month. But the annual performance
by the Segment was stronger despite
mixed results. The Segment's 16.5
percent rise in 2020 came as six stocks,
led by Deckers, Crocs, Puma and Nike,
increased by double-digit percentages.
Conversely, nine industry stocks within
the Segment declined by double-digit
percentages, paced by retail parents,
Designer Brands (DSW), Genesco
(Journeys) and Caleres (Famous
Footwear).
n
Yearly Index:
2020 Year in Review
FINANCIAL REPORT
