US EditionDick's Sporting Goods Completes International Footwear Chain Acquistion
The acquisition creates a retailer operating over 3,200 stores across 20 countries, aiming for $100 million to $125 million in cost synergies and EPS growth in 2026.
- On Monday, DICK'S Sporting Goods, Inc. completed its $2.4 billion acquisition of Foot Locker, Inc., creating a combined company operating more than 3,200 stores and e-commerce platforms worldwide.
- The purchase aims to position DICK'S as a global leader in sports retail and strengthen brand partnerships, including Nike, by expanding its global footprint.
- DICK'S installed a new leadership team, naming Ed Stack, DICK'S Executive Chairman, to lead global Foot Locker businesses with two presidents for North America and International.
- Management projects $100 million to $125 million in cost synergies in the near future, and DICK'S expects the deal to be accretive in Fiscal Year 2026, excluding one-time costs.
- Lauren Hobart said, `We are excited to officially welcome the Foot Locker team,` and executives say the combined platform will redefine the sports retail industry and unlock value for consumers and brand partners.
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Dick’s Sporting Goods Finalizes $2.4 Billion Purchase of Foot Locker
Dick’s Sporting Goods on Sept. 8 announced it had completed its $2.4 billion acquisition of Foot Locker. The acquisition significantly expands Dick’s Sporting Goods’ global reach—Foot Locker operated approximately 2,400 stores in North America, Asia, Europe, Australia, and New Zealand, with a wide portfolio of brands that includes Kids Foot Locker, Champs Sports, apparel retailer WSS, and Japanese boutique streetwear and sneaker retailer Atmos. …
·New York, United States
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Krem2 News+4 Reposted by 4 other sources
Dick's buys Foot Locker for $2.4 billion, plans to keep sneaker chain unchanged
Dick's Sporting Goods has completed its $2.4 billion acquisition of Foot Locker, creating a global sports retail giant with over 3,200 stores.
·Spokane, United States
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Dick's Sporting Goods Completes $2.4 Billion Foot Locker Deal
·New York, United States
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The approximately 2,400 points of sale in the world of Foot Locker have a new owner. ...
·Brussels, Belgium
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Total News Sources20
Leaning Left1Leaning Right3Center10Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 21%
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