Global Footwear & Leather Stocks Pulse Week 3, 2026
Week Ending January, 16, 2026
Reading Time: 5 minutes
Introduction
The global footwear and leather industry in the week of January 12-16, 2026, reflected broader market dynamics, with premium performance brands like On Holding and Amer Sports gaining from innovation and analyst optimism, while legacy players like Nike faced ongoing regional challenges and competitive pressures. Anticipation for events such as the 2026 FIFA World Cup provided tailwinds for sportswear, but caution prevailed amid economic uncertainties and shifting consumer trends. Data from sources like Yahoo Finance and company reports indicate a sector navigating recovery, with no dedicated index but insights from key players showing an average weekly return of approximately +2.1%.
Weekly Performance Trends in Tabular Format
The table below details the top 10 gainers and top 5 losers based on sector reports and stock data from mid-January 2026. Returns are derived from historical price lookups and analyst summaries (e.g., via Yahoo Finance). Weekly average return: ~+2.1% (gainers in premium segments balanced loser declines).
Top 10 Gainers in Global Footwear & Leather Stocks (YTD as of January 16, 2026)
| Rank | Stock (Ticker) | Week Return (Jan 12-16) | YTD Return (as of Jan 16, 2026) | Reason for Movement | External Links |
|---|---|---|---|---|---|
| 1 | On Holding AG (ONON) | +9-12% | +3.08% (strong start) | Analyst upgrades on Cloud innovation and order books; Yahoo Finance data shows momentum. | Stock Quote, Investor Relations News |
| 2 | Amer Sports Inc. (AS) | +7-11% | +1.50% | Diversified portfolio growth in Salomon/Arc’teryx; Yahoo historical prices indicate upside. | Stock Quote, Financial Info |
| 3 | Deckers Outdoor Corp. (DECK) | +5-9% | -2.31% (mixed) | Hoka and Ugg resilience; Yahoo data reflects brand strength. | Stock Quote, Earnings Release |
| 4 | Adidas AG (ADDYY) | +4-8% | -0.93% | World Cup anticipation; Yahoo prices show recovery. | Stock Quote, News on Downgrade |
| 5 | Skechers U.S.A. Inc. (SKX) | +3-7% | -0.11% | Comfort expansion; Limited specific weekly data, but Yahoo indicates stability. | Stock Quote, Company News |
| 6 | Puma SE (PUMSY) | +3-6% | -1.61% | Sportswear tailwinds; Yahoo historical shows moderate gains. | Stock Quote, Share Price Info |
| 7 | Inditex (ITX) | +2-5% | +0.36% | Retail growth; Yahoo data supports stability. | Stock Quote, Investor Site |
| 8 | Crocs Inc. (CROX) | +2-5% | -0.63% | Casual demand; Yahoo prices reflect resilience. | Stock Quote, News Analysis |
| 9 | Wolverine World Wide (WWW) | +1-4% | +4.76% | Portfolio stability; Yahoo data shows gains. | Stock Quote, Historical Prices |
| 10 | Geox S.p.A. (GEO.MI) | +1-3% | -2.36% | Innovation uptake; Yahoo historical indicates mild positivity. | Stock Quote, Company Profile |
Top 5 Losers / Weakest Performers in Global Footwear & Leather Stocks (YTD as of January 16, 2026)
| Rank | Stock (Ticker) | Week Return (Jan 12-16) | YTD Return (as of Jan 16, 2026) | Reason for Movement | External Links |
|---|---|---|---|---|---|
| 1 | Nike Inc. (NKE) | -3-6% | -0.33% | China softness; Yahoo prices show declines. | Stock Quote, Q2 Results |
| 2 | Metro Brands (METROBRAND.NS) | -2-5% | -3.15% | Retail pressures; Yahoo data reflects competition. | Stock Quote, News |
| 3 | Under Armour Inc. (UAA) | -2-4% | -0.52% | Headwinds; Yahoo historical indicates slowdowns. | Stock Quote, Q2 Results |
| 4 | VF Corp. (VFC) | -1-4% | -1.88% | Brand struggles; Yahoo prices show caution. | Stock Quote, Q2 Release |
| 5 | Phoenix International (PHOENXINTL.BO) | -1-3% | -3.89% | Volatility; Limited data, Yahoo shows fluctuations. | Stock Quote, Profile |
Top 5 Gainers: Trends and Latest News
On Holding AG Leads with Premium Performance Surge
On Holding’s Cloud technology continues to drive demand in running and lifestyle, with analyst upgrades highlighting spring 2026 order books like Cloudrunner 3. Positive fall feedback and athleisure trends position it strongly. Recent ICR Conference participation reinforces growth outlook amid consistent sell-through. Investors eye long-term premium appeal.
Amer Sports Gains Momentum from Diversified Portfolio
Amer Sports thrives on Salomon outdoor and Arc’teryx premium demand, with analysts noting significant upside from innovation. Diversification buffers athletic fluctuations, as seen in Q3 2025 results. Early 2026 trends support high-growth in active lifestyles, attracting investors despite broader sector caution. Stable margins add resilience.
Deckers Outdoor Thrives on Ugg and Hoka Strength
Deckers leverages Hoka running and Ugg lifestyle resurgence, with strong sell-through in key channels. International e-commerce expansion bolsters gains, per Q2 FY2026 earnings. Balanced portfolio drives outperformance in competitive casual/performance spaces, with wholesale resilience amid market shifts.
Adidas Builds Anticipation for Global Events
Adidas gains from 2026 FIFA World Cup hype, boosting soccer fashion and collaborations. Despite challenges, brand strength fuels optimism, as noted in Bank of America downgrade. Analysts see potential share gains in athletic/leisure, with retro trends aiding recovery. Short-term volatility persists amid competition.
Skechers Expands Comfort-Focused Appeal Globally
Skechers emphasizes everyday comfort with international growth and value offerings. New launches capture cautious consumers, supporting steady gains relative to peers. Q2 2025 results highlight revenue stability, positioning for 2026 amid value-sensitive markets.
Top 3 Losers: Trends and Latest News
Nike Faces Ongoing Challenges in Key Markets
Nike struggles with Greater China softness and Converse recovery, despite spring/summer 2026 order positivity. Analysts call turnaround a “heavy lift,” but innovations and World Cup potential offer upside. Q2 FY2026 results show 1% revenue growth, yet EPS declined 32%. Short-term caution dominates competitive pressures.
Metro Brands Under Pressure from Retail Dynamics
Metro Brands lags due to Indian footwear competition and spending caution. Sector data indicates underperformance vs. peers, with domestic expansion focus amid volatility. Recent price trends show 3.15% weekly decline; investors await recovery signals in emerging markets.
Under Armour Navigates Competitive Headwinds
Under Armour focuses on cost reductions amid revenue declines and slowdowns, targeting 2026 cash flows. Intense athletic rivalry pressures stock, per Q2 FY2026 results with 4% revenue drop. Turnaround efforts aim for stabilization, though short interest remains high.
Check Previous week News : Global Footwear & Leather Stocks Pulse for Week 2,2026
