No Rerating With Vans Down By The River
VF Corp's turnaround should pay off, but without Vans growth and with tough North Face comparisons, the stock can't rerate.
Doesn’t Sound Like This Is The Floor
Management's 2Q25 comments on mature-store productivity left us more skeptical of the bull case than ever.
Shift The Tractor To Second Gear Before It Stalls
Tractor Supply's comp beat leaned on its new final mile delivery program; we're not yet buying the second-half comp step-up.
DECK: Together We Fly Higher
After 1Q25, we dig into Deckers' product transition, US weakness and international expansion, plus a shaky new Street consensus.
Nike: Pigs At The Trough Often Get Slaughtered
Management called the bottom after 4Q25; we test whether Nike's turnaround is really underway.
RH: Time For A Resto In Hype
Takeaways from RH's 1Q25 results, focused on its international expansion; our view on the stock stays negative.
RH 1Q25 Preview: Sometimes The Discount Becomes Permanent
What to watch as RH reports 1Q25, with sentiment turning negative and heavy discounting looking permanent.
Nike Distribution Needs A “Personal Genie”
Distribution, not just innovation, is Nike's biggest problem today, and it may be structural rather than quickly fixable.
“Send In The Cleaners” Under Armour Style
After Under Armour's investor day, a data-driven review of its distribution cleanup ahead of new product launches.
Ground Zero in the Athletic Footwear Debate
Why Foot Locker is where the athletic footwear share shift shows up first.
RH’s Dreams Of SODOSOPA Delayed Again
RH's Aspen Guesthouse is delayed again after a contested historical commission vote; a city council hearing follows.
RH’s International Disaster
Audited UK filings back our doubts about RH's European expansion against the $50 to $250 million first-year sales forecast.
The Potential Nike Turnaround
Moving past the Donahoe blame game to map out what a realistic Nike recovery path could look like.
Is This The Ceiling For Floor & Decor?
A great business and management team, but at 55x forward earnings the stock has priced in too much.
Nike & John Donahoe
Why the Donahoe hire never made sense, and his attempt to blame Nike's innovation slump on remote work.