> Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
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Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over U.S. President Donald Trump’s tariffs.
Dick’s said Thursday that it expects to run Foot Locker as a standalone unit and keep the Foot Locker brands, which include Kids Foot Locker, Champs Sports, WSS and Japanese sneaker brand atmos.