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FTC Clears $2.5 Billion DICK’S Sporting Goods-Foot Locker Merger Without Issuing a Second Request

By  |  September 8, 2025

DICK’S Sporting Goods has finalized its $2.5 billion purchase of Foot Locker after receiving clearance from the Federal Trade Commission (FTC) without the agency requiring a second request for information. The deal officially closed on September 8, 2025, marking a significant consolidation in the U.S. sporting goods retail sector.

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    According to a statement, the FTC’s decision followed an in-depth review of data-driven analyses prepared by Econic Partners. Led by Founding Partner Jon Orszag and Dr. Yair Eilat, the team submitted empirical studies using transaction-level information from both companies. The findings concluded that the merger would not diminish competition in any relevant product markets.

    The review involved extensive support from a multidisciplinary team at Econic Partners, including economists and consultants such as Dr. Dan Hosken, Arela Haluci, Genaro Marquez, Jake Kramer, Jeffrey Tan, Ruchika Roy, David Cheng, Colin Donahue, Denielle Amparado, and Nafisa Ahmed. Additionally, Guillermo Israilevich and Will Lobo of Compass Lexecon contributed to the economic assessment.

    Read more: DICK’S Sporting Goods Receives Antitrust Clearance for Foot Locker Acquisition

    Per a statement, the effort was conducted in close coordination with legal counsel from multiple firms. Wachtell, Lipton, Rosen & Katz advised DICK’S through Franco Castelli and Jordan Cohen-Kaplan, while Skadden, Arps, Slate, Meagher & Flom’s Kenneth Schwartz and Justine Haimi represented Foot Locker. Charles River Associates’ Andrew Dick served as Foot Locker’s economic consultant during the review process.

    The FTC’s decision not to issue a second request is a notable development, as such requests often extend merger reviews by several months.

    Source: Iconic