Business and Finance Business and Finance
Thu, May 15, 2025
[ Today @ 12:04 PM ] - WSAZ
Memorial Day entertaining
[ Today @ 07:25 AM ] - BBC
Aston Villa v Tottenham Hotspur
[ Today @ 06:44 AM ] - Fortune
Top CD rates today, May 15, 2025
[ Today @ 06:25 AM ] - BBC
Leicester City v Ipswich Town
[ Today @ 06:06 AM ] - fox6now
Expert travel advice
[ Today @ 04:51 AM ] - WBRE
All new tonight on 28/22 News at 11

Dick's Sporting Goods is buying struggling sneaker chain Foot Locker for $2.4 billion


Published on 2025-05-15 07:40:49 - Fortune
  Print publication without navigation

  • The footwear industry has been growing increasingly concerned over Trump's trade war with other countries, particularly China. Athletic shoe makers have invested heavily in production in Asia.

Dick's Sporting Goods has announced its acquisition of the sneaker chain Foot Locker for $2.4 billion, aiming to expand its footprint in the athletic footwear market. The deal, which is expected to close by the end of 2025, will see Dick's Sporting Goods leverage Foot Locker's extensive network of over 3,000 stores worldwide and its strong brand presence in the sneaker culture. This strategic move is anticipated to enhance Dick's product offerings, drive growth, and improve its competitive edge against other major players in the sports retail sector. The acquisition comes at a time when the demand for athletic and leisure footwear continues to surge, reflecting broader trends in consumer behavior towards health and fitness.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/15/dicks-sporting-goods-buying-sneaker-chain-foot-locker-2-4-billion/ ]