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.
Author: SGB Executive
EXEC: Fashion Footwear, LLC Prevails in Appeal Over Iconix Cancellation of Pony License
The New York Appellate Court’s decision reportedly upheld the lower court’s ruling that Pony’s attempted termination of Fashion Footwear’s license agreement to enter into a license agreement with a new licensee, Genesco, Inc., was improper and invalid.
EXEC: Portland’s Next Adventure Set to Shutter After Epic Summer Retirement Sale
Deek Heykamp and Bryan Knudsen, the owners of Next Adventure, announced this week that their stores would be closing this year and the two friends since childhood would be retiring.
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: Lowa’s Peter Sachs Talks Retirement, Outdoor Industry Changes
Peter Sachs, the longtime U.S. general manager at Lowa, sat down with SGB Executive to talk about his 29-year career building the German boot maker’s U.S. business, the current state of the outdoor industry, and semi-retirement plans.
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.
EXEC: Boot Barn CEO Expects Little China Tariff Impact on Exclusive Goods
The company will only have 5 percent on order from China in the second half of the year, with China exclusive brand product ~$2.3 million of “tariffable product” for the remainder of fiscal 2026.
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.
EXEC: Adidas Shareholders Approve Supervisory Board Chair’s Re-Election
Shareholders at the group’s annual general meeting supported Thomas Rabe’s election for another year with 64.43 percent of votes, securing his sixth year in the role.
EXEC: On Holding Beats Q1 Expectations as DTC Rocks; Raises FY Guide
On Holding posted 40 percent net sales growth on a constant-currency basis in Q1. The updated outlook implies a constant-currency net sales growth rate of close to 25 percent for the remaining nine months of the year.
EXEC: Yonex Sees Racquet Sports Boost from Summer Olympics
Japan-based racquet sports and golf equipment manufacturer Yonex Company, Ltd. reported revenues expanded 18.8 percent in its fiscal year ended March 31 to ¥138.2 billion ($936 mm). Sales for Badminton and Tennis increased in Japan and overseas due to strong demand.
EXEC: Large Asian Athletic and Outdoor FW Maker Hurt by Margin Pressures
Yue Yuen reported a modest gain in first-quarter sales as a high-single-digit gain in its manufacturing business offset a decline in the Pou Sheng China retail business. Profits declined 24.2 percent in the period ended March 31 due to lower margins in both segments.
EXEC: Mizuno’s Annual Sales and Profits Reach Record Levels; Golf and Running Lag
In the Americas region, Mizuno sales grew 6.2 percent on strength in golf and volleyball, while operating profits improved 18.3 percent year-over-year. The company said there is a sense of a lull in the expansion of the golf market, which has continued over the past few years.
EXEC: Asia FW Factories Shrug Off Market Outlook as Shipments Post April Bump
Yue Yuen manufacturing revenue posted a 10.5 percent year-over-year increase in April 2025, a sharp acceleration from March 2025. Feng Tay’s April year-over-year shipment growth cycled against an 4.4 percent increase in April 2024.
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