Dick’s Sporting Goods ($DKS) announced Monday it has completed its $2.4 billion acquisition of Foot Locker, giving the company a stronger presence in the sneaker market and expanding its store base internationally. The deal closed following the expiration of the mandatory U.S. antitrust review period on August 25.
- The acquisition adds more than 3,200 stores under Dick’s portfolio, broadening its market reach.
- Dick’s expects the transaction to be accretive to earnings per share starting in fiscal 2026, excluding one-time costs.
- Foot Locker will continue operating as a standalone business and maintain its brands.
- The move bolsters Dick’s competitive position in the sneaker and athletic footwear space, an area of growing demand.
- The company highlighted international expansion opportunities as a key benefit of the deal.
Relevant Companies
- DKS – Gains expanded market share, store footprint, and new international presence through the acquisition.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
