Issue link: https://viewer.e-digitaledition.com/i/1537724
RETAIL: QUARTERLY DEVELOPMENT h19.8% D ick's Sporting Goods' May 15 announcement that it would acquire sneaker giant Foot Locker in a $2.4 billion deal later this year was certainly the retail segment's blockbuster. But there were also actions by both Nordstrom (no longer on this Index) and Big 5 Sporting Goods to go private that set reverberations throughout the retail world as it grappled with rising ination and the likelihood that U.S.-imposed taris on imports could raise some price points during the crucial Back-To-School and Holiday selling seasons. For its part, Big 5 is slated to be acquired for $112.7 million in an all-cash deal by Capitol Hill Group and Worldwide Golf in a transaction slated to close before year-end. e deal includes the assumption of more than $71 million in debt owed by the primarily Southern California retailer. Overall, ve entrants, all up double-digits, had share price growth in the quarter. ey were led on a percentage basis by JD Sports and Foot Locker. e sneakerhead behemoth should help its new retail partner in Dick's strengthen its buying power and relationships with key brand partners given its global reach. e Foot Locker-Dick's Sporting Goods' marriage is forecast to deliver $100-$125 million in medium-term cost synergies and perhaps establish a 'global battle royale' with UK-based JD, which has moved onto U.S. soil in recent years with acquisitions of retailers DTLR, Shoe Palace and most recently, Hibbett. On the downside, eight retailers experienced a share price decline over the 13 weeks, four by a double-digit percentage. Shoe Carnival, which reported quarterly results stronger than its forecast, expressed 'cautious optimism' about its prospects for B-T-S. e family footwear business has also announced plans to make the Shoe Station banner approximately 80 percent of its store eet by 2027. And although Genesco senior executives described the overall consumer environment as 'still choppy,' the Nashville company reported 5 percent comparable sales growth, with its Journeys chain comps increasing by 8 percent. n RETAIL INDEX: DEALS SPARK SECTOR'S GAIN Retailers % Change per Quarter 03/31/25-06/30/25 Academy (ASO) i -2% $45.61 • $44.81 Big 5 SG (BGFV) h 46% $0.97 • $1.42 Boot Barn (BOOT) h 42% $107.43 • $152.0 Caleres (CAL) i -29% $17.23• $12.22 Designer Brands (DBI) i -35% $3.65 • $2.38 Dick's SG (DKS) i -2% $201.56 • $197.81 Foot Locker (FL) h 74% $14.10 • $24.50 Genesco (GCO) i -7% $21.23 • $19.69 JD Group* (JD.L) h 79% $87.91 • $157.02 Macys (M) i -7% $12.56 • $11.66 Shoe Carnival (SCVL) i -14% $21.82 • $18.71 Sportsman's Warehouse (SPWH) h 249% $0.99 • $3.45 Zumiez (ZUMZ) i -11% $14.89 • $13.26 TOTAL (equal to '100' on INDEX) h 20% $549.95 • $658.93 QUARTER 2 ENDING 6/30/25 The Footwear Insight Index tracks some of the most important publicly traded companies that have a substantial footwear business (retailers and brands). Index base of 100 is key to the closing prices of 1/02/24. 30 • Footwear Insight ~ July/August 2025 footwearinsight.com