Reported about 3 hours ago
In the wake of President Trump's trade war, U.S. footwear and apparel mergers have surged to unprecedented highs, driven by a need to offset tariffs. Major brands like Skechers and Foot Locker are leading the charge, with Skechers recently announcing a $9.42 billion deal to go private and Foot Locker accelerating a $2.4 billion sale to Dick's Sporting Goods. The industry is seeing over $21 billion in deal announcements this year alone, highlighting the importance of scale in navigating the current chaotic economic landscape.
Source: YAHOO