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M Squared Capital
ABOUT
RESEARCH - CLIENTS
RESEARCH - PUBLIC
CONTACT
M Squared Capital
ABOUT
RESEARCH - CLIENTS
RESEARCH - PUBLIC
CONTACT
ABOUT
RESEARCH - CLIENTS
RESEARCH - PUBLIC
CONTACT
Deep Dive Matthew McClintock 8/20/26 Deep Dive Matthew McClintock 8/20/26

Sandbagging Is One Thing, Avoidance Another

Wolverine raised Saucony's outlook but not Merrell's, implying a sharp slowdown as outdoor footwear competition heats up.

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Deep Dive Matthew McClintock 8/5/26 Deep Dive Matthew McClintock 8/5/26

Western Investors Rarely Dig Into Asia…

Store checks at athletic retailers in Hong Kong and Japan: HOKA, On and Arc'teryx look strong while Nike is heavily discounted in Japan.

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Deep Dive Matthew McClintock 4/19/26 Deep Dive Matthew McClintock 4/19/26

Its Not A Sprint: Half Brands For Half Marathon

Is Merrell and Saucony's recent success lasting, or just a strong outdoor footwear cycle that competitors are now chasing?

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