The European e-commerce aggregator is set to become Europe’s first publicly listed e-commerce aggregator, with a listing planned in Nasdaq’s Nordic market, targeting a valuation ~€40 million in early fourth quarter.
Author: SGB Executive
EXEC: Oakley and Supreme Parent to Acquire Optegra Clinics Across Europe
The company will acquire Optegra’s ophthalmology platform, which operates in five key European markets: the UK, Czech Republic, Poland, Slovakia, and the Netherlands. The transaction is expected to close later in 2025.
EXEC: Athleta Promotions a Drag on Parent’s AUR in Q1
Athleta net sales amounted to $308 million in the fiscal first quarter, a 6 percent year-over-year decline. Comp store sales decreased 8 percent year-over-year.
EXEC: Golden Goose Posts DD First Quarter Growth on DTC Expansion
The Milan-based premium fashion sneaker said Direct-to-Consumer (DTC) net revenue was up 19 percent year-over-year (y/y), accounting for 76 percent of net revenues.
EXEC: Famous Footwear’s Jordan Brand Launch in May Excites Parent Caleres
The Jordan brand is currently exclusive to Famous Footwear in the Shoe Chain channel and early selling is said to be very encouraging. The retailer said it looks forward to even stronger results during Back-to-School.
EXEC: Dick’s SG Senior Execs Talk Foot Locker Deal, Tariffs and Guidance
The retailer had Board chairman Ed Stack on hand to talk about the Foot Locker deal and lay out the argument for its relevance. He will take the lead with the integration teams. CEO Lauren Hobart and CFO Navdeep Gupta dug deep into the weeds on guidance and the impact of tariffs going forward.
EXEC: Boa, Primaloft Parent Faces Lawsuits, NYSE Action as it Addresses Lugano Irregularities
The parent of 5.11 Tactical, Boa, and Primaloft provided an update on Wednesday, May 28 on the steps it is taking to enhance liquidity and reduce costs in the wake of an investigation of irregularities at its Lugano Diamonds subsidiary.
EXEC: Dick’s Sporting Goods CEO and CFO Unwind Q1 Analysts’ Questions
Net income dipped 4 percent year-over-year to $264 million, compared to $275 in the prior-year first quarter. Non-GAAP net income was said to be flat.
EXEC: Giant Group Posts 29 Percent Net Profit Decline; Sales Up 4.9 Percent
Giant said cycling remains popular in China, and with demand in the Giant Group U.S. and Europe markets gradually recovering, the upcoming peak season is expected to drive stronger sales in Q2 and Q3 2025.
EXEC: Go Sport and Al Mana Add Key Sporting Goods Execs
Newly appointed leaders Robin Trebbe and Christoffer Jansén are set to transform sports retail operations across the Middle East and emerging markets
EXEC: Norrøna Partners with Topsports for China Retail Presence
This China expansion is expected to complement Norrøna’s existing distribution across North America, Scandinavia, Central Europe, and Asia, including growing markets in Japan and South Korea.
EXEC: Deckers Shares Plunge on Weaker Hoka Growth in Q4 and Q1 Guide Miss
The Hoka brand drove a 3 percent year-over-year increase in the DTC business, which was said to reflect “continued strong growth from international regions and a slight decline in the U.S. due to some unique factors in the quarter.”
EXEC: Wilson Ball & Racquet Segment Continues DD Growth for Amer Sports
The segment’s overall growth for the quarter was said to be led by Softgoods, which now represents 10 percent of Ball & Racquet Sports segment sales, and the marquee racquet sports franchises.
EXEC: Colt CZ Sees Robust Q1 Results; Acquires U.S.-Based Valley Steel Stamp
Prague-based Colt CZ Group SE saw sales jump 50.3 percent year-over-year in the first quarter due to an acquisition, while announcing it reached agreement to acquire a components supplier based in Greenfield, MA.
EXEC: Nike Rolls Out Price Increase Schedule
Nike will not raise prices on kid’s products in deference to the upcoming back-to-school (BTS) and holiday seasons. The increases will not affect prices on products costing less than $100.
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