Latest World Breaking News Online News Portal
Gun sales at Dick’s.
Dick’s Sporting Goods is reportedly closing in on a deal to buy competitor Foot Locker for about $2.3 billion, according to The Wall Street Journal, which cited people familiar with the matter.
The retailers discussed a deal at $24 per share for Foot Locker, which would be an 86.5% premium to Foot Locker’s last closing price, according to the report.
Foot Locker and Dick’s Sporting Goods could make a deal soon, according to The Wall Street Journal. (Artur Widak/NurPhoto via Getty Images / Getty Images)
Foot Locker announced its “Lace Up Plan” in 2024, which included new store formats, moving away from mall stores, revamping its loyalty program and going digital, FOX Business previously reported.
LEGO TO INVEST $366M IN 2 MILLION-SQUARE-FOOT VIRGINIA WAREHOUSE: ‘AN EXCITING NEW CHAPTER’
Dick’s Sporting Goods is reportedly closing in on a deal to buy Foot Locker. (Bing Guan/Bloomberg via Getty Images / Getty Images)
The company later launched its Global Technology Services Hub in Dallas to modernize its technology infrastructure.
RITE AID FILES FOR BANKRUPTCY FOR SECOND TIME IN LESS THAN 2 YEARS
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DKS | DICK’S SPORTING GOODS INC. | 209.61 | -2.43 | -1.15% |
| FL | FOOT LOCKER INC. | 12.88 | -0.45 | -3.34% |
Dick’s Sporting Goods and Foot Locker did not immediately respond to inquires from FOX Business.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
FOX Business’ Aislinn Murphy contributed to this report.
