Brands - Ethical luxury label Stella McCartney has appointed Tom Mendenhall as CEO, who has extensive experience in the fashion industry, including roles at Ralph Lauren and Tom Ford [1] Retail - Asos has named Ben Blake as executive vice president, customer and commercial, a newly-created role where he will oversee global commercial and trading, reporting directly to José Antonio Ramos [2] - Blake has a strong background in digital and consumer brands, having previously served as chief commercial officer at World of Books and held senior roles at Expedia Group [2] Sporting Goods - Dick's Sporting Goods has updated its leadership structure following its acquisition of Foot Locker, with Ed Stack as executive chairman overseeing global Foot Locker businesses [4] - Ann Freeman, a former Nike executive, has been appointed as president of Foot Locker North America, while the appointment of a president for international operations is forthcoming [4] - Peter Scaturro has been named senior vice president and chief financial officer for Foot Locker North America, previously serving as SVP of strategic planning and growth at the company [5]

Group 1: Foot Locker Executive Changes - CEO Mary Dillon, President Frank Bracken, and other executives departed Foot Locker following the completion of its deal with Dick's Sporting Goods [2] - Chief Financial Officer Mike Baughn, Chief Operations Officer Elliott Rodgers, and Chief Human Resources Officer Cindy Carlisle also left the company [3] - Dick's Sporting Goods appointed new leaders for Foot Locker's North America business, including Peter Scaturro as CFO [3][4] Group 2: Leadership Structure Post-Acquisition - Foot Locker will now be overseen by Dick's Executive Chairman Ed Stack and two presidents, one for international and one for North America [4] - Ann Freeman, a 26-year Nike veteran, will lead the North American operations [4] Group 3: Best Buy Board Appointment - Lululemon CFO Meghan Frank has joined Best Buy's board of directors, bringing over 20 years of industry experience [4][5] - Best Buy CEO Corie Barry highlighted Frank's leadership experience as a valuable addition to the board [5] Group 4: Walmart Expansion - Walmart announced plans to open its first branded stores in South Africa this year, with official opening dates to be revealed in October [5][6] - Massmart president and CEO Miles Van Rensburg expressed excitement about introducing the Walmart brand to South Africa [6]

Core Viewpoint - Dick's Sporting Goods has acquired Foot Locker for $2.4 billion, creating a significant retail entity with over 3,200 stores across 20 countries, aiming to revitalize Foot Locker's struggling business and expand Dick's market presence [2][3]. Group 1: Acquisition Details - The acquisition finalizes a strategic move to combine Dick's established retail operations with Foot Locker's brand recognition in sneaker culture, particularly in basketball [3]. - Foot Locker will continue to operate as a standalone entity under Dick's, maintaining its various brands, including Foot Locker and Champs Sports [6]. - Dick's has committed to achieving at least $100 million in cost savings through improved procurement and sourcing efficiencies, with expectations for the deal to become earnings-accretive by 2026 [7]. Group 2: Market Context - Foot Locker has faced increasing competition from brands like Nike and emerging companies such as On and Gymshark, leading to thinner margins and excess inventory [4][5]. - The acquisition is seen as a way for Dick's to leverage its successful omnichannel strategy and data utilization to enhance Foot Locker's inventory management and e-commerce capabilities [8][9]. - The merger provides Dick's with a global platform to expand its retail concepts internationally, while also strengthening Foot Locker's presence outside the U.S. [10]. Group 3: Competitive Landscape - The activewear market has seen significant shifts, with Lululemon experiencing a decline in performance, which may open opportunities for new brands and increase pressure on established players like Foot Locker [11][12]. - Dick's investment in experiential retail through House of Sport stores complements Foot Locker's efforts to create immersive shopping experiences, positioning both companies to better compete in the evolving market [13].

Group 1 - The merger of DICK'S Sporting Goods and Foot Locker is complete, creating a significant player in the athletic footwear and apparel market [2] - Citi Research views the merger as a "powerful force," positioning DICK'S as a "category killer" in the industry [2] - DICK'S is projected to achieve sales of $22 billion following the merger [2]

Group 1 - Dick's Sporting Goods Inc (NYSE:DKS) stock is currently trading at $221.27, down 1%, despite an upgrade from Citi to "buy" following the acquisition of Foot Locker for $2.4 billion, which is expected to enhance its buying power and create a "category killer" [1] - Out of 26 analysts covering the stock, 15 rate it a "hold" and 11 a "buy" or better, indicating potential for further upgrades, with a 12-month consensus price target of $233.96, representing a 4% premium to current levels [2] - The stock has shown a general upward trend since bouncing off the 260-day moving average at the beginning of the month, although it is down 2% in 2025 but up 8% over the last 12 months [2] Group 2 - Short interest in DKS has increased, now representing 9.4% of the stock's available float, with an estimated three days required for traders to buy back borrowed shares at the current trading pace [3] - Options for DKS are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 32%, placing it in the low 4th percentile of its annual range, suggesting a potential premium-selling strategy could be advantageous [4] - The Schaeffer's Volatility Scorecard (SVS) for DKS is 14 out of 100, indicating that the stock has consistently experienced lower volatility than what its options have priced in [4]

Welcome back. We got 10 minutes before we get to an opening bell this morning. Let's uh get a mad dash in. Want to talk a little Dicks. Yeah, I want to talk about the the fickle nature of Wall Street. When Dixs decided to buy Foot Locker, it was widely presumed to be one of the dumbest things ever. The stock broke down. People were saying, "What do they know. How could Ed Stack. How can Laurart do this.Is just so bad. Mary Dylan really pulled the wool. " Well, now people are saying, "You know what.they have ...

Foot Locker is now officially a part of Dick’s Sporting Goods.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Dick’s announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and ...

Core Points - A significant immigration raid occurred at Hyundai's electric vehicle plant in Ellabell, Georgia, resulting in the arrest of 475 individuals, with over 300 being South Korean nationals [2][3] - The raid is part of a broader crackdown on illegal immigration by the Trump administration, marking the largest single-site enforcement operation by the Department of Homeland Security [3][4] - Hyundai's plant, which employs over 1,200 people and represents a $7.6 billion investment, is a key economic development in Georgia [4] Company Impact - LG Energy Solution reported that 47 of its employees were detained, along with 250 from partner companies, indicating a broader impact on the supply chain [5] - Hyundai stated that none of the detainees were direct employees, but the situation is being monitored closely [6] - The South Korean government expressed concern over the rights of its nationals and the potential impact on economic activities of its investment firms in the U.S. [7] Industry Context - The raid aligns with the Trump administration's focus on workplace enforcement operations, emphasizing the need for companies to comply with immigration laws [4][8] - The incident has raised questions about the relationship between U.S. and South Korean economic ties, with Trump asserting that the raid is not connected to these ties [9]

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Company Overview - DICK'S Sporting Goods is led by Ed Stack as Executive Chairman and Lauren Hobart as President and Chief Executive Officer, who has been with the company since 2011 and became CEO in 2021 [1][2] - Navdeep Gupta serves as Chief Financial Officer, having joined the company in 2017 and becoming CFO in 2021 [2] Leadership Background - Lauren Hobart transitioned from Senior Vice President and Chief Marketing Officer to President in 2017 and then to CEO in 2021, indicating a strong internal leadership development [1] - Navdeep Gupta's promotion to CFO reflects a focus on financial leadership within the company, enhancing its financial strategy and operations [2]