Dick's Sporting Goods Buys Foot Locker

Dick's Sporting Goods buys Foot Locker

(CNN, KYMA/KECY) – Dick's Sporting Goods is buying Foot Locker. The sporting goods retailer said that it would be for right around $2.4 billion. The transaction would allow Dick's to expand outside of the U.S. for the first time. They expect to operate its 2,400 stores that span 22 countries. The company will maintain the Foot Locker name and run the shoe stores as a standalone business. It comes as retailers have been hit hard by President Dona…

Walmart Signals Price Increases, Dicks Buys Foot Locker & Target Bets On Rural Growth?

In this week’s Omni Talk Retail Fast Five news roundup, sponsored by the A&M Consumer and Retail Group, Simbe, Mirakl, Ocampo Capital, Infios, and ClearDemand, A&M’s Michael Prendergast and Christopher Disa join Chris and Anne to discuss:Walmart signaling that price hikes could begin later this month (Source) Target Circle 360 members receiving free same-day delivery from 100+ other retailers via Shipt (Source) Dick’s Sporting Goods acquiring Fo…