Finance
Dick's Sporting Goods completes $2.4 billion Foot Locker deal
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 8, 2025
1 min readLast updated: January 22, 2026
Dick's Sporting Goods has finalized its $2.4 billion acquisition of Foot Locker, enhancing its sneaker market presence and international expansion.
(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.
(Reporting by Anshi Sancheti in Bengaluru; Editing by Maju Samuel)
Dick's Sporting Goods has completed its acquisition of Foot Locker for $2.4 billion.
The acquisition gives Dick's Sporting Goods a stronger foothold in the sneaker market with over 3,200 stores.
The deal was closed after the mandatory waiting period under U.S. antitrust law ended on August 25.
Dick's expects to operate Foot Locker as a standalone business within its portfolio and maintain its brands.
Dick's expects the transaction to add to its earnings per share in fiscal 2026, excluding one-time costs.
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