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?
61 Articles
61 Articles
All
Left
9
Center
23
Right
1
TimesDailyReposted by 
waka.com
waka.comDick's Sporting Goods to buy struggling shoe chain Foot Locker
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S. President Donald Trump’s tariffs.
Coverage Details
Total News Sources61
Leaning Left9Leaning Right1Center23Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 27%
C 70%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
