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Steven Madden raised its 2026 revenue growth outlook to 11-13% following strong Q2 results, driven by Dolce Vita's momentum in footwear and handbags across wholesale and DTC channels. The brand's expansion into international markets and diverse product categories positions it as an increasingly significant contributor to the company's long-term growth.

Columbia Sportswear (COLM) is experiencing strong footwear growth with Q2 2026 sales up 5% to $117 million, driven by demand for technical products and premium styles like the sold-out Tellurix Titanium OutDry. Footwear is expected to outpace apparel growth in 2026, with Spring 2027 wholesale orders signaling continued momentum. The stock trades at a modest valuation discount but has underperformed the broader market in recent months.

NIKE's stock has declined 22.9% in three months despite trading at a premium 20.12X forward P/E ratio, exceeding industry average of 17.3X. The company faces persistent weakness in Sportswear, Jordan Brand, and Greater China, with fiscal 2027 revenues expected to decline in the high single digits and EBIT falling faster. Management expects most restructuring benefits to arrive in fiscal 2029-2030, creating a prolonged 'pain before gain' scenario. Analysts recommend avoiding the stock until revenue stabilization and margin recovery emerge.