Salem Radio Network News Monday, September 8, 2025

Business

Dick’s Sporting Goods completes $2.4 billion Foot Locker deal

Carbonatix Pre-Player Loader

Audio By Carbonatix

(Reuters) -Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker.

The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets, while both companies battle for market share.

Dick’s expects the transaction to add to its earnings per share in fiscal 2026, excluding transaction related and other one-time costs.

The company in May said it expects to operate Foot Locker as a standalone business within its portfolio and maintain the sporting goods retailer’s brands.

The deal was closed after the mandatory waiting period under U.S. antitrust law ended on August 25.

(Reporting by Anshi Sancheti in Bengaluru; Editing by Maju Samuel)

Previous
Next

Editorial Cartoons

View More »
Salem Media, our partners, and affiliates use cookies and similar technologies to enhance your browsing experience, analyze site traffic, personalize site content, and deliver relevant video recommendations. By using this website and continuing to navigate, you consent to our use of such technologies and the sharing of video viewing activity with third-party partners in accordance with the Video Privacy Protection Act and other privacy laws. Privacy Policy
OK
X CLOSE