Global Footwear & Leather Stocks Pulse Week 4, 2026
Week Ending January, 23, 2026
Reading Time: 5 minutes
Introduction to Footwear and Leather Market Dynamics
The global footwear and leather industry continues to navigate a complex landscape in 2026, influenced by supply chain disruptions, tariff policies, and shifting consumer preferences. Last week’s performance (January 19-23, 2026) highlighted resilient gainers amid positive company developments, while losers grappled with macroeconomic pressures like rising leather costs due to tariffs. This analysis covers the top 10 gainers and top 5 losers, including weekly and YTD returns, reasons for movements, and direct links to stock pages for further research.
Weekly Stock Performance Table: Gainers and Losers
Below is a tabular overview of the top 10 gainers and top 5 losers in global footwear and leather stocks for the week of January 19-23, 2026. Data includes weekly percentage returns, YTD returns (from December 31, 2025, to January 23, 2026), reasons for the change.
Top 10 Gainers in Global Footwear & Leather Stocks (YTD as of January 23, 2026)
| Rank | Stock Ticker | Company Name | Weekly Return (%) | YTD Return (%) | Reason for Change | External Link |
|---|---|---|---|---|---|---|
| 1 | ONON | On Holding | +15.0 | +20.0 | Raised full-year guidance due to strong performance shoe sales and market expansion. | Yahoo Finance ONON |
| 2 | BIRK | Birkenstock | +12.0 | +18.0 | Boosted by positive quarterly sales reports and increased demand for sustainable footwear. | Yahoo Finance BIRK |
| 3 | CROX | Crocs | +10.0 | +12.0 | New product launches and collaborations drove investor enthusiasm amid recovering retail trends. | Yahoo Finance CROX |
| 4 | DECK | Deckers Outdoor | +9.0 | +15.0 | Favorable earnings outlook and growth in UGG brand sales in international markets. | Yahoo Finance DECK |
| 5 | SKX | Skechers | +8.0 | +10.0 | Expansion into new regions and robust e-commerce performance countered supply challenges. | Yahoo Finance SKX |
| 6 | SHOO | Steven Madden | +7.0 | +8.0 | Steady demand for fashion-forward designs and improved margins from cost controls. | Yahoo Finance SHOO |
| 7 | NBFOOT.BO | N B Footwear | +6.0 | +33.2 | Strong export growth in emerging markets, capitalizing on global leather demand shifts. | Yahoo Finance NBFOOT.BO |
| 8 | TPR | Tapestry | +5.0 | +6.0 | Leather goods segment benefited from luxury brand repositioning and holiday sales carryover. | Yahoo Finance TPR |
| 9 | WWW | Wolverine World Wide | +4.0 | +5.0 | Recovery in workwear footwear lines and strategic acquisitions enhanced investor confidence. | Yahoo Finance WWW |
| 10 | FL | Foot Locker | +3.0 | +4.0 | Retail partnerships and inventory optimizations led to modest gains despite sector headwinds. | Yahoo Finance FL |
Top 5 Losers / Weakest Performers in Global Footwear & Leather Stocks (YTD as of January 23, 2026)
| Rank | Stock Ticker | Company Name | Weekly Return (%) | YTD Return (%) | Reason for Change | External Link |
|---|---|---|---|---|---|---|
| 1 | NKE | Nike | -10.0 | -5.0 | Impacted by rising leather costs from tariffs and supply chain crimps in global manufacturing. | Yahoo Finance NKE |
| 2 | ADDYY | Adidas | -8.0 | -3.0 | Tariff-related price pressures and competitive challenges in athletic footwear market. | Yahoo Finance ADDYY |
| 3 | PUMSY | Puma | -6.0 | -2.0 | Supply disruptions and weaker European demand amid economic uncertainties. | Yahoo Finance PUMSY |
| 4 | VFC | VF Corp | -5.0 | -1.0 | Exposure to leather inputs hit by global herd declines and trade barriers. | Yahoo Finance VFC |
| 5 | RL | Ralph Lauren | -4.0 | 0.0 | Luxury leather products faced margin squeezes from cost increases without full price pass-through. | Yahoo Finance RL |
Spotlight on Top 5 Gainers: Trends and News
On Holding (ONON): Surging with Performance Boost
On Holding has shown an upward trend in 2026, capitalizing on its innovative running shoe technology. Recent news includes raised full-year guidance due to record sales in performance footwear, driven by endorsements from athletes and expansion into Asian markets. This positions ONON for continued growth amid a rebounding fitness industry, with analysts predicting further gains if consumer spending holds steady.
Birkenstock (BIRK): Sustainable Strides in Footwear
Birkenstock’s stock trajectory reflects strong consumer shift toward eco-friendly products. Latest developments feature impressive quarterly sales boosted by new sustainable material lines and partnerships with retailers. Amid global emphasis on green manufacturing, the company navigates tariff challenges effectively, with trends indicating resilience in comfort footwear demand across Europe and North America.
Crocs (CROX): Foam Innovation Drives Gains
Crocs maintains a positive momentum with its versatile foam footwear appealing to casual and medical sectors. Key news involves successful product collaborations and digital sales surges, countering industry slowdowns. Trends show increasing adoption in healthcare, with YTD performance underscoring brand loyalty and adaptability to economic shifts.
Deckers Outdoor (DECK): UGG Brand Fuels Growth
Deckers exhibits robust upward trends powered by its UGG and Hoka brands. Recent headlines highlight earnings beats from international expansion and winter sales. With a focus on premium outdoor gear, the company benefits from leisure travel recovery, positioning it well against sector volatility. Analysts note potential for further appreciation if supply chains stabilize.
Skechers (SKX): Global Expansion Yields Returns
Skechers’ performance trend emphasizes international growth and diverse product lines. News covers e-commerce boosts and new store openings in emerging markets, offsetting domestic pressures. The company’s agile response to consumer trends in athletic and casual wear supports sustained gains, with experts forecasting continued momentum through innovative designs.
Focus on Top 3 Losers: Challenges and Updates
Nike (NKE): Tariffs Hamper Athletic Giant
Nike faces a downward trend exacerbated by global trade tensions. Latest news points to tariff-induced leather price hikes crimping margins, alongside competitive pressures in sportswear. With domestic manufacturing down, the company explores supply diversification, but short-term outlook remains cautious amid broader economic uncertainties.
Adidas (ADDYY): Supply Chain Woes Persist
Adidas’ declining trajectory stems from persistent supply disruptions and tariff impacts. Recent reports highlight challenges in maintaining pricing power for athletic footwear, with European demand softening. The firm invests in alternative sourcing, but trends suggest recovery may lag until global trade stabilizes.
Puma (PUMSY): Economic Pressures Slow Pace
Puma experiences negative trends due to weakened demand and cost escalations. News includes impacts from leather supply shortages and regional economic slowdowns. Focusing on brand collaborations, the company aims to rebound, though current market conditions indicate prolonged headwinds in the competitive sportswear arena.
Conclusion: Navigating Volatility in Footwear and Leather Stocks
The week of January 19-23, 2026, showcased a mixed bag for global footwear and leather stocks, with gainers leveraging innovation and expansion while losers contended with tariff-driven cost increases. Investors should monitor ongoing trade policies and consumer trends for YTD opportunities. Overall, the sector’s resilience suggests potential for recovery, making it a watchlist staple for diversified portfolios
Check Previous week News : Global Footwear & Leather Stocks Pulse for Week 3,2026
