Dick's Sporting Goods Finalizes Foot Locker Acquisition
The deal creates a global sporting goods powerhouse with over 3,200 stores and targets up to $125 million in synergies.
In a move that reshapes the global sporting goods landscape, , creating a retail giant with a footprint of over 3,200 stores across 20 countries. The deal, announced on September 8, 2025, positions the combined entity as a formidable force at the intersection of sport and culture.
The strategic acquisition is expected to deliver significant financial benefits, with projected cost synergies of , primarily through procurement and direct sourcing efficiencies. Dick's anticipates that the transaction will be accretive to its earnings per share in the 2026 fiscal year.
Under the new structure, Dick's will continue to operate Foot Locker's portfolio of brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. A new leadership team has been assembled to guide the integration and future growth. Ed Stack, Dick's Executive Chairman, will lead the global Foot Locker businesses, with Ann Freeman, a former Nike executive, appointed as President of Foot Locker North America. This experienced team is tasked with revitalizing the Foot Locker brand and accelerating its business momentum.
"We are very enthusiastic about the future of Foot Locker," said Ed Stack. "The world class team we have assembled is committed to returning Foot Locker to its rightful place in our industry." This sentiment was echoed by Lauren Hobart, President and CEO of Dick's, who added, "As a combined company, DICK'S and Foot Locker will create a global platform that will redefine the sports retail industry and unlock value for both companies, our brand partners, our teammates, our communities and our shareholders."
The acquisition is set to strengthen Dick's relationships with key brand partners by offering them broader reach and enhanced visibility on a global level. The move also signifies a major consolidation within the athletic apparel retail market, creating a dominant player with a diverse portfolio of brands and a vast physical and e-commerce presence. The industry will be closely watching as the two retail giants integrate their operations and begin to realize the .