DICK'S Sporting Goods Completes Acquisition of Foot Locker, Inc.

DICK'S Sporting Goods, Inc. has successfully finalized its acquisition of Foot Locker, Inc., positioning itself as a global leader in the sports retail industry. The combined company will operate over 3,200 stores and e-commerce businesses across 20 countries, strengthening relationships with key brand partners. The transaction is expected to deliver significant cost synergies and is anticipated to be accretive to EPS in Fiscal Year 2026.

The new leadership team, led by DICK'S Executive Chairman Ed Stack, is committed to returning Foot Locker to growth and creating a more powerful consumer experience. Ann Freeman, a former Nike executive, has been appointed President of Foot Locker North America. The acquisition has been advised by Goldman Sachs and Wachtell, Lipton, Rosen & Katz. DICK'S Sporting Goods is known for its support of youth sports and community-based initiatives.

The company emphasizes its belief in the power of sports to change lives and is committed to inspiring and equipping athletes to achieve their dreams.