Nike poised to win in Dick’s Sporting acquisition of Foot Locker

Nike poised to win in Dick’s Sporting acquisition of Foot Locker

The two sportswear chains announced last week that Dick’s had reached a $2.4 billion deal to acquire Foot Locker.

Foot Locker To Close Over 100 Stores This Year - RetailWire

Just days after news that Dick’s Sporting Goods and Foot Locker agreed to a $2.4 billion merger proposal, a new report from TheStreet claims the struggling sneaker retailer is set to close over 100 stores by the end of the year. Foot Locker CFO Mike Baughn shared the news via the company’s fourth quarter earnings release call. “The upper end of our comp range assumes we continue to drive comps at our more recent run rate from the last three quar…