Dick’s Sporting Goods is buying rival Foot Locker in a $2.4 billion deal, marking another major deal that tariff-prone ...

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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 ...

President Donald Trump’s tariffs threaten the footwear industry as a whole, but Foot Locker, in particular, has been under pressure from the steady decline in America’s shopping malls.

According to the release, Dick’s will acquire its competitor for $2.4 billion, as the retailers navigate choppy demand and global trade uncertainties. Dick’s, which has one location in New Springville ...

Dick’s Sporting Goods are set to buy up rival Foot Locker in a $2.4 billion deal in a move that is aimed to future-proof them from Trump’s terrible tariffs.

Foot Locker has about 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. It also has a licensed store presence in Europe, the Middle East and Asia.