Dick’s Sporting Goods on Sept. 8 announced it had completed its $2.4 billion acquisition of Foot Locker.
The acquisition significantly expands Dick’s Sporting Goods’ global reach—Foot Locker operated approximately 2,400 stores in North America, Asia, Europe, Australia, and New Zealand, with a wide portfolio of brands that includes Kids Foot Locker, Champs Sports, apparel retailer WSS, and Japanese boutique streetwear and sneaker retailer Atmos.
Foot Locker in 2021 purchased Atmos for $360 million and WSS for $750 million. Dick’s Sporting Goods now operates more than 3,200 stores and e-commerce entities in 20 countries, the company said.
In addition to extending its global reach, the acquisition enhances the Dick’s Sporting Goods brand and strengthens its relationships among brand partners, the Pittsburgh-based company said….