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Dick's Sporting Goods completes $2.4 billion Foot Locker deal
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Dick's Sporting Goods completes $2.4 billion Foot Locker deal
Sep 8, 2025 5:42 AM

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.

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