US EditionDick’s Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
- On the evening of May 14, 2025, Dick's Sporting Goods revealed plans to acquire Foot Locker in a transaction valued at approximately $2.4 billion.
- The acquisition follows Foot Locker's 2024 'Lace Up Plan' to revamp store formats, reduce mall presence, and expand digital sales amid its struggles.
- The $24 per share proposal values Foot Locker at a figure nearly 87% higher than its most recent closing price and seeks to unite two leading athletic retailers in the U.S.
- Foot Locker's stock surged 80% in premarket trading, while Dick's shares dropped 13%, reflecting contrasting investor reactions to the deal.
- The acquisition, pending regulatory approval, could strengthen Dick's footprint in sneakers and streetwear and reshape U.S. Athletic retail competition.
Insights by Ground AI
Does this summary seem wrong?
55 Articles
55 Articles
All
Left
9
Center
19
Right
1
One Big Name in Sportswear Is Buying Another
It's big news in the world of sports retailers: Dick's Sporting Goods is buying Foot Locker for $2.4 billion, reports the Wall Street Journal . The Foot Locker name isn't going away, however: Dick's plans to keep it and associated brands such as Kids Foot Locker and Champs Sports as...
·Miami, United States
Read Full ArticleCoverage Details
Total News Sources55
Leaning Left9Leaning Right1Center19Last UpdatedBias Distribution66% Center
Bias Distribution
- 66% of the sources are Center
66% Center
L 31%
C 66%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
