Dick’s Sporting Goods is on the defense, arguing that its $2.4 billion acquisition of Foot Locker was a smart move even as the struggling chain weighs on earnings and is expected to post a loss this year.
Sneaker slump complicates Dick’s Foot Locker turnaround
Largest US sporting goods retailer remains confident in $2.4 billion acquisition
By Linda Moss
CoStar NewsAugust 25, 2026 | 9:42 P.M.
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IN THIS ARTICLE
- Companies
- DICK’S Sporting Goods
Retailer
- Dick's House of Sport
Retailer
- Foot Locker
Retailer
- Contacts
- Edward Stack
Executive Chairman, Chief Merchandising Officer, DICK’S Sporting Goods