Dick's Sporting Goods Exec Defends Foot Locker Acquisition: 'Like It or Not, We Make These Decisions and Investments for a Lifetime'

Dick's Sporting Goods exec defends Foot Locker acquisition: 'Like it or not, we make these decisions and investments for a lifetime'

Dick’s Sporting Goods announced the purchase of Foot Locker for $2.4 billion earlier this month.

Dick’s Sporting Goods exec defends Foot Locker acquisition: ‘Like it or not, we make these decisions and investments for a lifetime’

When Dick’s Sporting Goods announced the purchase of Foot Locker for $2.4 billion earlier this month, investors balked at the move. This week, Executive Chairman Edward Stack defended the acquisition in the Dick’s latest earnings call as a “unique opportunity to strengthen our brand relationships…