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Dick's Sporting Goods Acquiring Foot Locker In $2.4B Deal

Barchart·05/15/2025 15:50:14
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In an effort to expand its international presence, reach new consumers and gain traction in the sneaker market, Dick's Sporting Goods is taking over Foot Locker in a $2.4B deal.  “By joining forces with DICK’S, Foot Locker will be even better positioned to expand sneaker culture, elevate the omnichannel experience for our customers and brand partners, and enhance our position in the industry,” Foot Locker CEO Mary Dillon said in a statement.  Foot Locker has struggled, and its stock had dropped sharply over the year, making it a target for a deal like this, CNBC reported. In 2023, Foot Locker announced plans to close 400 stores...