DICK'S Sporting Goods completes the acquisition of Foot Locker, a major footwear and apparel retailer.
The acquisition positions DICK'S as a global leader in the sports retail industry.
Combined, the companies will operate over 3,200 stores across 20 countries, strengthening brand partnerships and reach.
Expanded Global Presence
DICK'S now operates in North America, Europe, Asia, and Australia, enhancing global visibility.
New Leadership Team
Experienced leaders, including former Nike executive Ann Freeman, to drive business acceleration strategies.
Cost Synergies Forecast
Expected cost synergies of $100-125 million in the medium term, enhancing profitability by FY 2026.
- The acquisition is expected to bring strategic advantages and innovative experiences to both DICK'S and Foot Locker consumers.
- Cost efficiencies through procurement are projected to boost operational performance and profitability in the coming years.
The union of DICK'S Sporting Goods and Foot Locker marks a significant milestone in the sports retail landscape, poised to deliver value to stakeholders and reshape industry norms.