BoA Daily Highlights: How athleisure killed the stiletto and taking a look at Sketchers stock

Business of Athleisure, Athleisure

How athleisure killed the stiletto (Elle)

“According to Beth Goldstein, NPD’s fashion footwear and accessories industry analyst, “sneakers are practically the new dress shoe and can be worn with almost anything.” Indeed, it’s no coincidence that the stiletto’s popularity has decreased just as the athleisure trend exploded. “The active trend is a key driver [of this shift],” said Goldstein. “While there are some women who will never give up their stilettos, many others are happy to embrace a look that is not only trend right, but also comfortable.””

 

Time to look at the Sketchers stock (Zacks)

“Skechers commenced 2016 on a high note on the back of a sturdy performance at its international wholesale business. The company delivered first-quarter earnings of 63 cents a share that comfortably beat the Zacks Consensus Estimate of 53 cents, and surged from 37 cents earned in the year-ago quarter. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate by an average of 21%.”

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Aimee Laurel

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