Sept 8 (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.