May 29, 2025 Foot Locker Sales Dip on European Weakness
Following the announcement of Dick’s Sporting Goods’ offer for the company, Big Foot did not provide the usual color in announcing Q1 results, reporting a net loss of $363 million that included $237 million of impairments and a $124 million tax valuation allowance write-off, both on an after-tax basis. Caleres Takes Q1 Hit from Tariff Moves
Net income attributable to Caleres, Inc. was down 78% to $6,943,000 from $30,939,000 for the first quarter on 7% lower sales of $614,221,000 against $659,198,000 as compressed margins and higher reserves hit the bottom line, along with inventory moves to counter tariffs. Kohl’s to Emphasize Private Brands Under New CEO
KSS' interim chief, board chair, and veteran retail leader, Michael Bender, did not have much to say on its Q1 earnings call about the struggling retailer’s activewear brands, instead talking up its private label apparel business. Athleta Sales Drop Again in Q1
Revenues at Gap, Inc.’s women’s athletic apparel banner fell 6% to $308 million in the first quarter from $329 million a year ago, and comp store sales tumbled 8%. Amer Sports Files $1.3 Billion Secondary Offering
AS filed for a secondary offering of 35 million of its shares by entities affiliated with FountainVest Partners at a price of $37.20 per share. Birkenstock Announces L Catterton Share Sale
The footbed sandal maker will see BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton, sell 17,927,344 shares of its common stock for $52.50 per share, in a transaction expected to close May 30. Etcetera: Nike, SIA, Sqairz, Champion, REI, Jetty, Sportiqe
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