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Shares of most shoe brands and retailers fell during Friday morning's trading session after Nike's lackluster first quarter report on Thursday.
Here is how Acme United Corporation. (ACU) and ASICS Corporation Unsponsored ADR (ASCCY) have performed compared to their sector so far this year.
Jefferies analyst Jonathan Matuszewski says the Hoka brand, which launches at Academy Sports + Outdoors later this week, could become a $100 million plus brand for the outdoor retailer by 2030.
Here is how Acme United Corporation. (ACU) and ASICS Corporation Unsponsored ADR (ASCCY) have performed compared to their sector so far this year.
Academy's launching Hoka in select stores and online this fall, while Nike continues to resonate and work boots remain a strong shoe category.
After losing some value lately, a hammer chart pattern has been formed for ASICS Corporation Unsponsored ADR (ASCCY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Here is how Acme United Corporation. (ACU) and ASICS Corporation Unsponsored ADR (ASCCY) have performed compared to their sector so far this year.
A new Stifel survey noted that Asics and its Gel 1130 are gaining traction among teens, while the On and Hoka brands are a "tough sell" for the younger consumer.
Asics Corp. also raised its outlook for the full year, and said that it is repositioning Asics Walking as a premium brand.
The Japanese sportswear retailer said the split is due to take effect on 1 January 2027.
The move is set to take place on Jan. 1, 2027.
Here is how ASICS Corporation Unsponsored ADR (ASCCY) and Cimpress (CMPR) have performed compared to their sector so far this year.
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