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Dick’s Sporting Good confirms 2.4 billion dollar acquisition of Foot Locker
US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have entered a definitive merger agreement holding an enterprise value of around 2.5 billion dollars. By combining the companies, Dick’s is setting out to create a global platform within the sports...
BusinessFeaturedMemberMay 15, 2025
Foot Locker elevates Franklin Bracken to president, advancing Lace Up Plan
Footwear and apparel retailer Foot Locker has appointed Franklin Bracken, currently executive vice president and chief commercial officer, as its new president, effective immediately. Bracken will continue to report to CEO Mary Dillon. In his expanded role, Bracken will collaborate closely with Dillon to expedite the implementation of the...
PeopleMar 26, 2025
Foot Locker returns to profit in Q4 despite overall sales decline
Footwear retailer Foot Locker reported a 5.8 percent decrease in sales, totaling 2.2 billion dollars for the fourth quarter of 2024. However, comparable sales demonstrated a positive trend, increasing by 2.6 percent. The company also returned to profit with net earnings from continuing operations reaching 55 million dollars, while non-GAAP net...
BusinessMemberMar 6, 2025