US retailer Dick's to acquire Foot Locker in $2.4 billion deal
Dick's Sporting Goods will acquire Foot Locker in a $2.4 billion deal, operating it as a standalone unit. The merger expands Dick's global reach, adds ~2,400 stores, and boosts presence in sneaker culture. It aims to drive growth through omnichannel retail, enhance brand partnerships, and achieve $100–$125 million in synergies while serving a broader consumer base.
Dick's Sporting Goods will acquire Foot Locker in a $2.4 billion deal, operating it as a standalone unit.
The merger expands Dick's global reach, adds ~2,400 stores, and boosts presence in sneaker culture.
It aims to drive growth through omnichannel retail, enhance brand partnerships, and achieve $100–$125 million in synergies while serving a broader consumer base.
