Research Library
Every Upon Further Review report and Deep Dive, searchable by ticker or company.
The 30 most recent reports. New here? Every Postmortem is free, and Nike and RH are fully open, models included.
Our count of every marketing activation Columbia names on earnings calls, how Project Accelerate is working, and the El Niño winter risk.
How far Floor & Decor's mix has shifted to tile and wood, tile share gains in a shrinking US market, and whether acoustic panels can keep wood growing.
How much apparel is inside Adidas' 19% running growth, and markdown checks on adidas.com, nike.com and run specialty showing what US growth costs.
Bracken Darrell's record of optimism at Logitech and VF, plus fresh Vans channel checks comparing markdowns on vans.com with wholesale.
HOKA's new $115 Fly Pace shoe and what going below $120 means, with a price comparison of the cheapest running shoe at every major brand.
Ahead of Tractor Supply's long-term reset: the 9% margin floor, real estate gains inside EBIT, slower store growth, and El Niño risk to 4Q.
Deep Dive on RH comparing its new London gallery with RH Atlanta, the first of its Next Generation Galleries.
Deep Dive on ASICS ahead of its new three-year plan, with a focus on North America and US run specialty.
Canada Goose's year-round story leans on its own stores, Asia is the only region working, and a mild winter is the bigger risk.
Sizing Nike's Pace restructuring against 2009 and 2023, what Nike's sheer size means for growth, and a look at regional inventory and the dividend.
Why Nike's European inventory sets JD's timeline, and why womenswear is harder for JD in the US than the UK, using our store density work.
Tracking RH's international margin drag through every shareholder letter, why EBITDA guidance understates occupancy, and what European D&A means for 2027.
Academy's new-store comp boost can't offset negative comps, and its other growth drivers look thin.
Under Armour has cut costs for years without margin gains; its hits, like Bouncy Tee, aren't reaching enough scale.
After laminate and vinyl turned commoditized, is porcelain tile next? What that means for Floor & Decor's business model.
VF Corp comes down to trusting management; results are improving, but Vans remains the pain point.
Heavy discounting of Arc'teryx footwear at retailers like REI is the first real warning sign; the rest of Amer looks healthy.
A state-of-the-union on Lululemon: discounting, merchandising, IT and Asia store checks, and why a return to health is underway.
Tractor Supply dropped the long-term targets we long called unrealistic; what the withdrawal means for the stock.
Wolverine raised Saucony's outlook but not Merrell's, implying a sharp slowdown as outdoor footwear competition heats up.
Store visits in Hong Kong and Japan support Deckers' call for faster international growth in the second half for HOKA and UGG.
Every bear worry from last year proved wrong, yet Deckers stock hasn't moved despite about 20% higher earnings.
Store checks at athletic retailers in Hong Kong and Japan: HOKA, On and Arc'teryx look strong while Nike is heavily discounted in Japan.
Dick's Media Network is starting to lift gross margin for the first time, which could push margins past their usual ceiling.
Williams-Sonoma's multi-brand model covers more of the home furnishings market than any peer, a rare competitive advantage.
Why laminate and vinyl flooring have become too commoditized for Floor & Decor's model, and why top investors left.
Nike's soft World Cup push in soccer risks handing US ground to Adidas just as the tournament comes to America.
Why On needs its own stores to succeed in apparel, since wholesale rarely explains innovative clothing to shoppers.
Parallels to Tractor Supply's 2016-17 sell-off, as its 'needs-based' categories look more discretionary than claimed.
Why conglomerates usually fail in athletic brands, why Amer is different, and the case for Amer bidding for Lululemon.