Foot Locker is now officially a part of Dick’s Sporting Goods. Dick’s announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and sporting goods chain. This purchase gives Dick’s a greater piece of the sneaker market, as it now...
Foot Locker shareholders voted to approve the footwear and apparel retailer’s acquisition by Dick’s Sporting Goods, which was announced in May. Shareholders voted at a special meeting held Friday (Aug. 22) and approved the deal with 99% of the votes cast, representing 70% of all outstanding shares,...
Dick’s Sporting Goods says that even amidst tariff worries, people want to be active. It’s that mindset that the athletics retailer said helped drive a 4% increase in sales, according to the company’s quarterly earnings report issued Wednesday (May 28). CEO Lauren Hobart said during...
Dick’s Sporting Goods plans to acquire Foot Locker and position the combined organization to serve sports retail consumers around the world. The two companies announced the deal in a Thursday (May 15) press release, saying the transaction implies an equity value of $2.4 billion and an enterprise value of $2.5 billion....
December 04, 2024
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers held back their spending ahead of the holiday season, we […]
January 04, 2024
Personalized deals and offers can be convenient, but they’re hard to come by. Many consumers are wary about the extent of information that brands and retailers need to provide such...
June 12, 2019
The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross...
August 25, 2026
Dick’s Sporting Goods is forecasting a slowdown in its footwear business amid changing consumer preferences. The retailer released quarterly earnings Tuesday (Aug. 25) showing a 4.6% uptick in comparable sales, driven in part by this summer’s World Cup tournament. However, comparable sales for the Dick’s Foot Locker business fell 3.6%, “impacted by challenging conditions in the athletic footwear marketplace,” the […]
September 08, 2025
Foot Locker is now officially a part of Dick’s Sporting Goods. Dick’s announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and sporting goods...
August 25, 2025
Foot Locker shareholders voted to approve the footwear and apparel retailer’s acquisition by Dick’s Sporting Goods, which was announced in May. Shareholders voted at a special meeting held Friday (Aug. 22) and...
May 28, 2025
Dick’s Sporting Goods says that even amidst tariff worries, people want to be active. It’s that mindset that the athletics retailer said helped drive a 4% increase in sales, according...