Dick's Sporting Goods to acquire Foot Locker for $2.4 billion
By Tim Schooley
Tampa Bay Business Journal
Published: May 15, 2025

Dick's Sporting Goods Inc. (NYSE: DKS) announced Thursday that it plans to acquire Foot Locker Inc., the publicly traded sports footwear brand that has been mostly a mall-based retailer, for about $2.4 billion.

"We have long admired the cultural significance and brand equity that Foot Locker and its dedicated Stripers have built within the communities they serve," said Ed Stack, executive chairman of Dick's, in a statement. "We believe there is meaningful opportunity for growth ahead. By applying our operational expertise to this iconic business, we see a clear path to further unlocking growth and enhancing Foot Locker's position in the industry. Together, we will leverage the complementary strengths of both organizations to better serve the broad and evolving needs of global sports retail consumers."

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