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Sep 8, 2025  |  
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By Reuters
September 8, 2025 – 5:33 AM PDT

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. The US-based sporting goods retailer reported that net sales for the fiscal year 2021 grew by 28.3% to $12.29bn compared to the previous year. Dick’s shares closed on Tuesday up 2.1%, which brings the company’s market capitalization to over $9 billion. (Photo by Spencer Platt/Getty Images)
Photo by Spencer Platt/Getty Images

(Reuters) – Footwear retailer Dick’s Sporting Goods (DKS.N) said on Monday it had completed its $2.4 billion acquisition of Foot Locker.

The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and an entry into international markets, while both companies battle for market share.

Dick’s expects the transaction to add to its earnings per share in fiscal 2026, excluding transaction related and other one-time costs.

The company in May said it expects to operate Foot Locker as a standalone business within its portfolio and maintain the sporting goods retailer’s brands.

The deal was closed after the mandatory waiting period under U.S. antitrust law ended on August 25.

Reporting by Anshi Sancheti in Bengaluru; Editing by Maju Samuel

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