Issue link: https://viewer.e-digitaledition.com/i/1531127
RETAIL INDEX: CHANGES AHEAD IN NEW YEAR Retail: Quarterly Change T here was a reversal of (stock price) fortune in the final period of 2024. Ten entrants posted stock price declines and only four (Dick's Sporting Goods, Genesco, Macy's, and Nordstrom) increased. at compares to 11 stocks recording gains in the prior period. Meanwhile, the low-water mark in Q4, where retailers faced intense promotional pricing pressure during the Christmas shopping season, came 10 days before Black Friday on Nov. 19. Among the four gainers, Genesco is focusing on a six-pillar strategy that includes accelerating its Direct-To-Consumer business and intensifying its product innovation and trend insights. e Nashville company's Journeys' business experienced sequential comparable sales improvement and store traffic that outpaced the broader market in the period. At Macy's, corporate objectives outlined on Dec. 11 included strengthening the Macy's nameplate, accelerating its growth in the luxury area, and simplifying and modernizing end-to-end operations. e retailers will make further investments in 100 women's shoe departments aer realizing sales and profitability expansion where it already has pumped dollars into the areas. Nordstrom, meanwhile, will move to a private company from a public one later this year aer striking a $625 billion deal with a Mexican firm whereby the Nordstrom Family will retain a 50.1 percent stake aer the transaction. Among the 10 retailers that suffered a stock price drop in the quarter, Shoe Carnival did so despite delivering strong Back-To-School sales and 'rapid progress' in its store re-banner strategy. On deck: a re-banner of 25 more doors to 'Shoe Station' in Southeastern U.S. states. n h7% Retailers % Change per Quarter 09/30/24 • 12/23/24 Academy (ASO) i -2% $58.36.• $57.20 Big 5 SG (BGFV) i -19% $2.09 • $1.69 Boot Barn (BOOT) i -12% $167.28 • $147.98 Caleres (CAL) i -31% $33.05 • $22.94 Designer Brands (DBI) i -27% $7.33 • $5.39 Dick's SG (DKS) h 8% $208.70 • $225.31 Foot Locker (FL) i -17% $25.84 • $21.55 Genesco (GCO) h 41% $27.17 • $40.28 JD Group* (JD.L) i -43% $205.81 • $118.20 Macys (M) h 6% $15.69 • $16.65 Nordstrom (JWN) h 8% 22.49 • $24.17 Shoe Carnival (SCVL) i -21% $43.71 • $34.35 Sportsman's Warehouse (SPWH) i -14% $2.71 • $2.34 Zumiez (ZUMZ) i -11% 21.30 • $18.97 TOTAL (equal to '100' on INDEX) h 7% $841.53 • $737.02 QUARTER 4 ENDING 12/23/24 8 Footwear Insight Business Report Quarterly ~ Q4 January 6, 2025 footwearinsight.com The Footwear Insight Index tracks 32 of the most important publicly traded companies that have a substantial footwear business (14 retailers, 18 brands). Index base of 100 is key to the closing prices of 1/02/24.