Last quote by Jay Sole
The stock now discounts more reasonable long-term assumptions. … While we see some execution risk near-term and a wide risk/reward, our view is this outlook is much more realistic than before. We believe the Under Armour brand has sustained some damage, but overall remains solid. … We think the stock can hold its current level.
Feb 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jay Sole is associated, including U.S., Armour, and online. Most recently, Jay Sole has been quoted saying: “This is the first time since Under Armour has been a public company where sales guidance clearly missed the consensus and a sign it is no longer able to find enough growth in new channels to offset weakness in its core business.” in the article Chink in Under Armour: slow down in sales growth seen as new normal. An other article where Jay Sole has been quoted is Post-holiday, a wave of store closures and deep discounts seem inevitable.
Quotes by Jay Sole
Feb 01 2017
This is the first time since Under Armour has been a public company where sales guidance clearly missed the consensus and a sign it is no longer able to find enough growth in new channels to offset weakness in its core business.
Jan 11 2017
We can't remember a time over the past 10 years when the companies we cover were so consistently citing lower rents. However, as retailers leave malls, particularly anchor tenants, co-tenancy lease clauses are coming into effect for remaining stores and this is giving retailers big negotiating leverage.
Dec 08 2016
We believe U.S. basketball footwear must grow 70 percent year-over-year to meet the Street's fiscal 2017 sales expectation and increasingly doubt this will happen.
Nov 22 2016
For the retailers I cover, very few are adding stores this year. Most are actually in store-closure mode.
Nov 22 2016
The key for brands is just to make sure they can be online and present where consumers are shopping today, and that way they can manage the transition from brick and mortar to online.
Nov 22 2016
Obviously, foot traffic migrating online is a big issue. Forty-eight percent of consumers will do at least part of their shopping online.
Jun 01 2016
SportScan data shows Nike apparel sales trends have deteriorated significantly in 2016. Adidas' U.S. resurgence is the biggest surprise and the most recent development – and this has changed the (Nike) thesis.