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(Reuters) -Footwear retailer Dick’s Sporting Goods 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 deal was closed after the mandatory waiting period under U.S. antitrust law ended on August 25. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. ProPicks AI evaluates FL alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if FL is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?

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Best Stock to Buy: Macy's vs. Dick's Sporting Goods  Nasdaq

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S.

Dick’s Sporting Goods has struck a deal to buy Foot Locker as the Pittsburgh-based sports retailer strikes a strategic play in a market filled with uncertainty.

Foot Locker Stock Soars 81% on Dick’s $2.4 Billion Buyout Deal  Barron's

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as many weeks as business leaders struggle with uncertainty over how U.S. President Donald Trump’s tariffs will impact companies that make many of their products overseas.