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Big 5 Sporting Goods Sold to Worldwide Golf for $112 Million
PYMNTS.com· 2025-07-06 22:27
Company Overview - Big 5, a sporting goods retailer based in the western U.S., has been sold for $112 million [1] - The company sells athletic shoes, apparel, accessories, and outdoor and athletic equipment for various sports and recreational activities [4] Transaction Details - The buyers are a partnership consisting of Worldwide Golf, another retailer in the sporting goods space, and private investment firm Capital Hill Group [2] - The deal is expected to enhance Big 5's ability to serve customers while maximizing value for stockholders, according to Big 5's CEO Steven G. Miller [3] Strategic Implications - The transaction combines Capitol Hill's financial resources with Worldwide Golf's specialty retail expertise, providing Big 5 with the necessary resources to strengthen its market position [3]
Big 5 Sporting Goods Corporation Enters Into Definitive Agreement to Be Acquired by a Partnership Comprised of Worldwide Golf and Capitol Hill Group
Globenewswire· 2025-06-30 12:30
EL SEGUNDO, Calif. and BETHESDA, Md., June 30, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the “Company” or “Big 5”), a leading sporting goods retailer, today announced it has entered into a definitive merger agreement (the “Agreement”) to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, in an all-cash transaction valued at approximately $112.7 million in enterprise value, including the assumption of approximately $71.4 million in credit line bor ...
How On is taking on Nike and Adidas in the sneaker race
CNBC· 2025-05-24 12:00
Core Insights - Swiss brand On is emerging as a global challenger in the sportswear market, reporting a net sales increase of over 40% to 726.6 million Swiss francs (US$869 million) for the three-month period ended March 31 compared to the previous year [1] - The brand has successfully captured market share from established competitors like Nike and Adidas through innovative product designs and favorable market timing [1][2] - Nike and Adidas still hold a combined 58% of global market share, while On accounts for less than 3%, but On's earnings growth rate has outpaced both companies in recent quarters [3] Company Performance - On's initial success was driven by the unique aesthetic of its shoes, which stood out in the market [2] - The company benefited from a shift in retailer focus towards emerging, high-growth brands during the years following its 2021 IPO [3] Competitive Landscape - Nike is currently implementing a turnaround plan under new CEO Elliott Hill, which could present challenges for On [3] - The sportswear industry, including On, faces uncertainty regarding tariffs, particularly as 90% of On's sneakers are manufactured in Vietnam, which could be subject to a 46% import duty [4]
DICK'S Sporting Inks an Agreement to Buy Foot Locker: What to Know?
ZACKS· 2025-05-15 18:40
DICK'S Sporting Goods, Inc. (DKS) has been making smart moves to enrich the customer experience. DKS is emphasizing the omnichannel experience to drive solid athlete engagement.In a latest announcement, DKS and athletic shoes and apparel retailer Foot Locker (FL) unveiled a definitive merger agreement, which states that the former will buy the latter for an equity value of almost $2.4 billion and an enterprise value of roughly $2.5 billion.The proposed merger deal highlights a key strategic milestone for DI ...
Deckers vs. Nike: Which Shoe Stock Is the Better Buy Right Now?
The Motley Fool· 2025-04-30 01:50
Rather than focusing primarily on performance such as Nike, Deckers' brands cater to a more diverse customer market, which can work to its advantage and make it easier for its business to grow. And with its annual sales being close to one-tenth of Nike's ($5 billion versus around $50 billion), the scale of revenue it will need to generate to maintain a high growth rate will also not need to be as significant; being the smaller business can have its advantages. Their valuations are comparable Both stocks hav ...
Big 5 Sporting Goods Corporation Announces Fiscal 2025 First Quarter Results
GlobeNewswire News Room· 2025-04-29 20:01
EL SEGUNDO, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the “Company,” “we,” “our,” “us,” “Big 5”), a leading sporting goods retailer, today reported financial results for the fiscal 2025 first quarter ended March 30, 2025. Net sales were $175.6 million compared to net sales of $193.4 million for the first quarter of fiscal 2024. Same store sales decreased 7.8% for the first quarter of fiscal 2025 compared to the first quarter of fiscal 2024. Gross profit for ...
3 Reasons to Buy Deckers Outdoor Stock Like There's No Tomorrow
The Motley Fool· 2025-04-09 10:15
After a record-breaking rally in 2024 when shares of Deckers Outdoor (DECK -4.19%) soared by 82%, the stock slammed into a brick wall in early 2025 and is now down 53% from its 52-week high as of this writing. Here are three reasons Deckers Outdoor could be a great portfolio buy now. 1. A phenomenal growth story Deckers Outdoor is best known for its footwear brands, including the iconic Ugg sheepskin boots and high- performance Hoka running and athletic shoes. The latter has been a game changer for the comp ...