EXEC: Nordstrom, Inc. Shareholders Approve Family’s Take-Private Merger Deal
Following the close of the transaction scheduled for Tuesday, May 20, the Nordstrom Family will have a 50.1 percent majority ownership stake in the company, and Nordstrom will become a private company.
Nike’s Last Chief Strategy and Transformation Officer Heads to B&BW as CEO
Bath & Body Works has appointed Daniel Heaf as CEO. Most recently, he was Nike’s chief strategy and transformation officer since August 2023. Heaf left Nike in March 2025 after the company eliminated his position.
Helly Hansen and Canada Ocean Racing Partner for The Ocean Race
The global sailing brand will be the official clothing supplier to the team for The Ocean Race Europe in 2025, The Ocean Race Atlantic in 2026 and The Ocean Race around the world in 2027.
Report Defines Where U.S. Shein and Temu Shoppers are Spending More After Tariff Hit
To identify where consumers are spending their money, Consumer Edge analyzed shoppers who made at least two purchases at Temu or Shein in January or February 2025 but no purchases in March or April.
Recover Creates Joint Venture for Recycled Cotton Fiber Production in Central America
The initiative is expected to simplify compliance with the UFLPA for U.S. textile and apparel manufacturers, while addressing the increasing demand for near-shoring.
Rural King Opens Newest Store in Pennsylvania
The family-owned retailer for over six decades, catering to the rural lifestyle, has opened a new store in Altoona, PA. The store will hold a grand opening from May 23-25.
Foot Locker’s Debt Ratings Placed Under Review Following Dick’s SG’s Offer
Moody’s Ratings placed all Foot Locker, Inc.’s debt ratings on review with direction uncertain following the announcement that Dick’s Sporting Goods, Inc. has entered into a definitive agreement to acquire Foot Locker for an enterprise value of approximately $2.5 billion.
EXEC: Canadian Tire to Keep Hudson Bay Company Brand Alive; Acquires Assets
CTC quietly announced Thursday, May 15 that it had entered into a definitive agreement to become the home of iconic Canadian brands and other intellectual property of the Hudson’s Bay Company
EXEC: Asics NA Q1 Gains Led by Perf Run and SportStyle as Global Asics Growth Rocks
The growth across the North America run specialty trade channel in Q1 was said to be due to the “significant demand” for the Novablast family of products, along with strong sales of two key legend models: the Gel-Cumulus and Gel-Nimbus.
Culture Kings Parent A.K.A. Brands Posts 14 Percent U.S. Sales Growth in Q1
The company’s portfolio of brands that includes Culture Kings, Princess Polly, Petal and Pup, and MNML looks to reach at least $600 million in sales in 2025.
Puma Appoints Dominique Gathier as VP Teamsport Business
Dominique Gathier replaces Matthias Bäumer, who took on the role of Puma’s chief commercial officer earlier this year. Gathier reports to Maria Valdes, Puma’s chief product officer, effective May 15.
Dick’s SG Expects to Post 4.5 Percent Comp Sales Growth in Q1
The 4.5 percent comparable sales growth expected for the fiscal 2025 first quarter comes on top of a 5.3 percent increase in the prior-year Q1 period.
Foot Locker, Inc. Swings to Q1 Loss as Global Comps Fall 2.6 Percent
Despite making ongoing progress with the company’s Lace Up Plan, preliminary first quarter results were said to be below expectations as the athletic footwear retailer experienced softer traffic trends globally.
EXEC: Dick’s SG and Foot Locker Confirm $2.4 Billion Merger Deal
After seeing the global ambitions grow for JD Sports and Sports Direct, now comes the colonists, with Dick’s Sporting Goods fighting the good fight to protect the motherland from the ambitions of the crown while offering a new global vision for the Dick’s Sporting Goods and Foot Locker brands.
EXEC: Dick’s Sporting Goods, Inc. Makes Bid to Acquire Foot Locker, Inc.
The ywo side confirmed the merger deal the morning of May 15 with a total estimated acquisition price of $2.4 billion.
