Matt Powell

Foot Locker Inc. (NASDAQ: FL) made a big step to boost the women’s athleticwear market after investing $15 million in Carbon38, Series A funding round. A luxury lifestyle activewear brand created for the modern American women, Carbon38 is Foot Locker's foray into addressing one of the...

If retail is the Titanic, Hibbett Sports, Inc. (NASDAQ: HIBB) has snagged a lifeboat, according to Bank of America Merrill Lynch.  The Analyst BofA's Rafe Jadrosich upgraded Hibett Sports From Underperform to Buy with a price target raised from $14 to $30. The Thesis...

For sports retail, 2018 will likely be remembered as a year of transition.  What does that mean? Expect slow or stagnant growth as the industry addresses key issues.  Plagued by significant markdowns, shifting consumer tastes and an oversupply of off-trend products, 2017 was a...

With "dad shoes" dominating the fashion world, could the quintessential dad shoe brand — Skechers USA Inc (NYSE: SKX) — be poised for a big 2018? Skechers is known for latching onto current styles to its benefit. Luckily for Skechers, the next big look has come to them...

Lululemon Athletica inc. (NASDAQ: LULU) shares are ripping, moving 7 percent higher after a solid third quarter report in the face of a struggling athleticwear cycle. After showing solid e-commerce growth, comps that were up 8 percent in the quarter, and a men’s business that's...

Despite Under Armour Inc (NYSE: UAA)'s catastrophic year, one analyst is maintaining a bullish stance on the company, projecting that long-term investors will be rewarded if they stay the course ahead of a sentiment shift that could come in less than a year.  The Analyst...

If you follow the footwear industry, among the three footwear giants, the sentiment has become pretty clear: adidas AG (ADR) (OTC: ADDYY) is growing, Nike Inc (NYSE: NKE) is in turnaround mode and Under Armour Inc (NYSE: UAA) is under serious pressure. This story has been crystallized for sometime...

In one of the most tumultuous years in athleticwear in recent memory, adidas AG (ADR) (OTC: ADDYY) has emerged as an industry leader. It's a time when competitors Nike Inc (NYSE: NKE) and Under Armour Inc (NYSE: UAA) are busy explaining poor performance and adjusting their strategy to...

Coming off one of the most depressing quarters in the company's history, Under Armour Inc (NYSE: UAA) is now in the precarious position of trying to resuscitate a onetime Cinderella story in the sportswear world before it becomes a cautionary tale. ESPN’s Darren Rovell tweeted: “...

In December, Nike Inc (NYSE: NKE)'s Air Force 1, one the most iconic silhouettes in shoe history, will celebrate its 35th anniversary. Designed by Bruce Kilgore, the Air Force 1 was the first basketball shoe to use Nike’s Air technology. The shoe nearly missed its eventual cultural impact...

Puma NE SPV (OTC: PMMAF) has emerged as one of the hottest sportswear companies of 2017, after announcing in preliminary results that sales were up 17 percent in the third quarter. The German sportswear brand is capitalizing on fashion trends that are aptly complementing what the company has been...

As markets continue toward all-time highs, Nike Inc (NYSE: NKE) has registered just a 2-percent gain on the year. Despite turning in a first-quarter earnings beat amid low expectations, Nike had its slowest revenue growth in six years. The earnings beat failed to move the needle, and one industry...

The latest back-to-school data is echoing the sentiment that has been well covered in the sportswear world over the past year; adidas AG (ADR) (OTC: ADDYY) is up and Nike Inc (NYSE: NKE) is down. Fresh off overtaking the Jordan brand as the No. 2 footwear brand in the U.S., Adidas increased sales...

Given the way Adidas AG (ADR) (OTC: ADDYY) and Nike Inc (NYSE: NKE) are heading in oppposite directions, it was a matter of when, not if, Adidas would overtake the Jordan brand as the No. 2 sports footwear brand in the United States. It just happened a little quicker than anticipated. "It came...

Lululemon athletica inc. (NASDAQ: LULU) delivered a second-quarter earnings beat on Thursday amid lots of questions surrounding the athletic apparel industry. On the earnings call, after raising fiscal year 2017 guidance the company highlighted two “secret weapons” that will drive the...