World Cup Lift: Goldman Forecasts Retailers' Potential Bounce From The 'Beautiful Game' Believe it or not, the 2026 FIFA World Cup is just five months away, spanning 11 stadiums across 11 U.S. metro areas. Expected foot traffic trends suggest meaningful pre-event demand for fan gear, such as jerseys, hats, and jackets, at nearby sporting goods retailers as the tournament kicks off in early June. G...
World Cup Lift: Goldman Forecasts Retailers' Potential Bounce From The 'Beautiful Game' Believe it or not, the 2026 FIFA World Cup is just five months away, spanning 11 stadiums across 11 U.S. metro areas. Expected foot traffic trends suggest meaningful pre-event demand for fan gear, such as jerseys, hats, and jackets, at nearby sporting goods retailers as the tournament kicks off in early June. Goldman Sachs Managing Director Kate McShane told clients on Tuesday that Academy Sports and Outdoors and Dick's Sporting Goods stores near the FIFA World Cup will likely see a tick up in foot traffic. " We found that ~14% of ASO stores are within 25 miles of the World Cup stadiums, compared to ~12% at DKS, while noting ASO has a relatively smaller store base concentrated in the Southeastern US ," McShane said. McShane explained: ASO and DKS footprint analysis There are 11 FIFA World Cup stadiums in the US, with locations consisting of Atlanta, Boston, Dallas, Houston, Kansas City, Los Angeles, Miami, New York/New Jersey, Philadelphia, the San Francisco Bay Area, and Seattle. To assess the company footprint in each location, we looked at the number and percentage of stores within a 25-mile radius of each stadium using Placer. Additionally, to account for locals who might travel further to a stadium (versus tourists likely staying closer by), we also considered the company footprint within the CBSA (core-based statistical area) of each stadium. Of note, the store counts reflect locations available on Placer. For DKS, including both Dick's Sporting Goods and Dick's House of Sport, 11.8% of stores are within 25 miles of the stadiums, while 18.3% of stores are in the same CBSA as the stadiums. Looking to ASO, 13.6% of stores are within 25 miles of the stadiums, while 22.3% of stores are in the same CBSA as the stadiums. We would note that while the percentages are higher for ASO versus DKS, ASO's overall store footprint is smaller. What could this mean for sales? For ASO and DKS...
Retailer buys chain from administration for £3.8m adding to brand portfolio ranging from FatFace to Made.com Next has rescued the Russell & Bromley footwear retailer out of administration for £3.8m but about 400 jobs are likely to go at 33 shops not included in the deal. The British brand, founded in 1879 in Eastbourne, East Sussex, trades from 36 stores and nine concessions across the UK and Irel...
Retailer buys chain from administration for £3.8m adding to brand portfolio ranging from FatFace to Made.com Next has rescued the Russell & Bromley footwear retailer out of administration for £3.8m but about 400 jobs are likely to go at 33 shops not included in the deal. The British brand, founded in 1879 in Eastbourne, East Sussex, trades from 36 stores and nine concessions across the UK and Ireland. But Next will only take on three stores – in Chelsea, Mayfair and the Bluewater Shopping Centre – and about 48 store staff, it is understood. Continue reading...
Admiral Rob Bauer (ret.), 33rd Chair of the NATO Military Committee, discusses how global security, economic resilience and geopolitics including strategic tensions around Greenland are increasingly intertwined with Bloomberg’s Mark Miller at Bloomberg House in Davos on the sidelines of the 2026 World Economic Forum. (Source: Bloomberg)
Admiral Rob Bauer (ret.), 33rd Chair of the NATO Military Committee, discusses how global security, economic resilience and geopolitics including strategic tensions around Greenland are increasingly intertwined with Bloomberg’s Mark Miller at Bloomberg House in Davos on the sidelines of the 2026 World Economic Forum. (Source: Bloomberg)
Greenland is just the latest geopolitical headline that the stock market can get past, when all is said and done, investors say. Stocks tumbled Tuesday, after President Donald Trump ramped up his rhetoric against those European countries opposing the sale of Greenland to the U.S. The Dow Jones Industrial Average dropped 870 points, while the S & P 500 slid 2% in its worst day since October. The Na...
Greenland is just the latest geopolitical headline that the stock market can get past, when all is said and done, investors say. Stocks tumbled Tuesday, after President Donald Trump ramped up his rhetoric against those European countries opposing the sale of Greenland to the U.S. The Dow Jones Industrial Average dropped 870 points, while the S & P 500 slid 2% in its worst day since October. The Nasdaq Composite also fell more than 2%. Also key to the stock market rout was the move to record highs in Japan's 40-year government bond yield, a development that helped trigger a global selloff in bond markets. Yet the overwhelming consensus on the Street is that investors can use the pullback as a buying opportunity, given that the startling headlines — around Venezuela, around Federal Reserve Chair Jerome Powell, around limits to credit card interest rates — do little to dim the actual bull case for stocks. "If you're a medium to longer term investor, probably this is a pretty healthy buying opportunity, because the tailwinds of this economy are completely unaffected by the goings on of the past weekend," said Scott Ladner, investment chief at Horizon Investments. That's not to say that investors don't expect more choppiness over the near term, given that a stock market that's come into 2026 with lofty valuations is vulnerable to more negative headlines out of the White House. But any pullback is expected to pave the way for more upside later this year, investors said. Not only is the S & P 500 expected to post double-digit earnings growth, of 12% to 15%, the path for interest rates is lower, and the economic outlook is holding firm. The most recent estimate for real GDP growth in the fourth quarter of 2025 was 5.3%, a number that suggests the U.S. economy is actually running hot. On top of that, there's fiscal stimulus expected from the One, Big, Beautiful Bill Act. And, the Trump administration is likely to take care to appeal to lower-income voters with an emphasis on...
Blanket draped over her shoulders and a bandage on her cheek, Ana Garcia issued a desperate plea: she needed help finding her dog, Boro. Hours earlier, 26-year-old Garcia and her pregnant sister had been travelling with Boro by high-speed train from Malaga, their hometown in southern Spain, to capital Madrid. The tail of their train car jumped the rails for reasons that remain unclear, then was sm...
Blanket draped over her shoulders and a bandage on her cheek, Ana Garcia issued a desperate plea: she needed help finding her dog, Boro. Hours earlier, 26-year-old Garcia and her pregnant sister had been travelling with Boro by high-speed train from Malaga, their hometown in southern Spain, to capital Madrid. The tail of their train car jumped the rails for reasons that remain unclear, then was smashed into by a train coming in the opposite direction that tumbled down an adjacent slope. At least...