• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

Struggling Foot Locker finds new life with a surprising buyer todayheadline

May 17, 2025
in Business & Finance
Reading Time: 3 mins read
A A
0
Struggling Foot Locker finds new life with a surprising buyer
3
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Foot Locker ( (FL) ) was once the heart of sneaker culture — a place where new drops sparked lines around the block and shoppers could count on expert help from its iconic “Stripers.”

But in recent years, the buzz has faded. Foot Locker has been closing stores, facing declining foot traffic, and struggling to stay relevant in an industry increasingly dominated by digital players and direct-to-consumer brands.

Related: Nike, rivals sound alarm on looming threat

In an era when Nike has pulled away from wholesale partners and Gen Z shops sneaker drops on StockX and TikTok, Foot Locker’s role has looked more and more unclear.

💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵

That’s what makes Dick’s latest move so surprising — and so strategic.

Distressed footwear brand Foot Locker is getting a second chance.

Image source: Kevin Carter/Getty Images

Foot Locker to be acquired in $2.5B deal

According to a press release, Foot Locker has agreed to be acquired in a deal valued at $2.5 billion, with shareholders receiving either $24 per share in cash or 0.1168 shares of the acquiring company’s stock.

The buyer: Dick’s Sporting Goods.

On the surface, it might seem like a struggling retailer got rescued. But for Dick’s ( (DKS) ), this move is less about saving Foot Locker — and more about supercharging its own long-term ambitions.

Related: Nike rival hits sneaker giant where it hurts

The acquisition instantly gives Dick’s a powerful international footprint. Foot Locker operates 2,400 stores in 20 countries, something Dick’s has never had. 

Rather than expand slowly on its own, Dick’s is effectively buying global access — and access to a highly engaged sneaker-obsessed customer base.

This deal also plugs Dick’s into sneaker culture in a way it hadn’t quite cracked with its House of Sport concept. By acquiring Foot Locker and brands like Champs Sports, WSS, and atmos, Dick’s gains credibility and reach in a youth-driven, style-centric market.

What the Dick’s-Foot Locker merger means for shoppers and investors

Dick’s leadership says it plans to operate Foot Locker as a standalone business, retaining its portfolio of banners and investing in updated store designs and digital experiences.

“Our goal is to honor and amplify Foot Locker’s iconic brands,” said Dick’s CEO Lauren Hobart. “Sports and sports culture continue to be incredibly powerful… we’ll create a new global platform that serves those ever-evolving needs.”

The deal is expected to increase Dick’s earnings after the first full fiscal year post-close, with $100 to $125 million in projected cost synergies.

For Foot Locker, the $24-per-share offer represents a 66% premium to its recent average stock price — a major win for shareholders after several rough years. But it also suggests Dick’s sees significant untapped value in what Foot Locker still has to offer.

If the integration works, shoppers could see revitalized store concepts, more curated product mixes, and a stronger omnichannel experience. If it doesn’t, the risk is turning two solid-but-struggling brands into one big retail miss.

Still, in a competitive landscape where brand loyalty, access, and culture matter more than ever — Dick’s isn’t just buying a company. It’s buying itself a passport to the world.

Bon voyage. 

Related: Veteran fund manager unveils eye-popping S&P 500 forecast

Tags: buyerFindsfootlifeLockerstrugglingSurprisingtodayheadline
Previous Post

Russia demanded Ukraine cede more territory at Turkey talks, Ukrainian source says todayheadline

Next Post

Salah: Don’t boo TAA in final Liverpool games

Related Posts

How Many Bank Accounts Should You Have? (I Have 4 — Here’s How I Use Them) todayheadline

June 7, 2025
4
Ohio food banks strain as Trump slashes federal aid programs

Ohio food banks strain as Trump slashes federal aid programs todayheadline

June 7, 2025
9
Next Post
Salah: Don't boo TAA in final Liverpool games

Salah: Don't boo TAA in final Liverpool games

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

June 7, 2025
Trump's big bill also seeks to undo the big bills of Biden and Obama

Trump’s big bill also seeks to undo the big bills of Biden and Obama

June 7, 2025
U.S. with India in fight against terrorism: Deputy Secretary of State tells Indian delegation

U.S. with India in fight against terrorism: Deputy Secretary of State tells Indian delegation

June 7, 2025
Donald Trump

European small-caps outshine US rivals as investors bet on growth revival

June 7, 2025

Recent News

Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

June 7, 2025
5
Trump's big bill also seeks to undo the big bills of Biden and Obama

Trump’s big bill also seeks to undo the big bills of Biden and Obama

June 7, 2025
5
U.S. with India in fight against terrorism: Deputy Secretary of State tells Indian delegation

U.S. with India in fight against terrorism: Deputy Secretary of State tells Indian delegation

June 7, 2025
1
Donald Trump

European small-caps outshine US rivals as investors bet on growth revival

June 7, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston

June 7, 2025
Trump's big bill also seeks to undo the big bills of Biden and Obama

Trump’s big bill also seeks to undo the big bills of Biden and Obama

June 7, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co