Dick’s Sporting Goods buys a locker on foot in an agreement worth 2.4 billion dollars, companies announced on Thursday morning.
Foot Locker shares have increased by almost 86%, investors will receive 24.00 in cash, or 0.1168 Dick’s ordinary shares for each share of ordinary locker shares on foot.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Fl | Foot Locker inc. | 23.93 | +11.05 |
+ 85.86% |
| Dks | Dick’s Sporting Goods inc. | 179.02 | -30.61 |
-14.60% |
“Sports and sporting culture continues to be incredibly powerful, and with this acquisition, we will create a new global platform that meets these constantly evolving needs thanks to emblematic concepts that consumers know and love, designs of improved stores and omnichannel experiences, as well as a mixture of products that use our different customers’ bases” Lauren Hobart de Dick, Lauren Hobart.
The Wall Street Journal On Wednesday, reports agree for the first time.
As a large retailer for Nike and Under Armor, Foot Locker gives more Dick exhibition to the popular sneakers category.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Nke | Nike inc. | 62.41 | +0.69 |
+ 1.13% |
| UA | Under Armor inc. | 6.20 | +0.20 |
+ 3.33% |
In addition, Foot Locker announced its “lace -up plan” in 2024, which included new store formats, moving away from shopping stores, reorganizing its loyalty program and exceeding digital, Renard business previously reported.
Dick’s Sporting Goods would be on a business to buy a locker on foot. (Bing Guan / Bloomberg via Getty Images / Getty Images)
The company then launched its World Center for Technological Services in Dallas to modernize its technological infrastructure.
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Aislinn Murphy de Fox Business contributed to this report.
* This story was updated on 05/15/25 after the announcement of the agreement.