Dick’s Sporting Goods is nearing a deal to buy Foot Locker for roughly $2.3 billion
- Thread starter DC_Dude
- Start date
Foot Locker Stock Soars Over 60%
After Dick’s Sporting Goods Nears Buyout Deal
This potential deal comes one week after Skechers inked a $9 billion go-private deal.
Dick’s Sporting Goods is nearing a deal to acquire Foot Locker Inc. for roughly $2.3 billion, according to a Wall Street Journal report.
The deal would dramatically alter the athletic landscape — giving Dick’s major international presence and huge leverage with big brands like Nike and Adidas.
Shares of Foot Locker are up nearly 70 percent in after-market trading. Dick’s Sporting Goods stock, however, is down near 5 percent.
According to the WSJ report, a deal could be finalized as soon as Thursday, with Dick’s aiming to buy Foot Locker at $24 per share. That would be a nearly 90 percent premium to Foot Locker’s current price, which closed at $12.87 on Thursday.
Foot Locker Stock Soars Over 60% After Dick’s Sporting Goods Nears Buyout Deal
Foot Locker's stock soared nearly 70 percent in after market trading following a report that the retailer was being acquired by Dick's Sporting Goods.
wwd.com
Crazy
Dicks making money like that ?
Dicks making money like that ?
Yup because they sell everything. Every store ive been in has nothing but CACs inside.
I barely see anyone in there
I liked Sports Authority better
I though all the beands were taking themsleves out of Foot Locker and doing direct to consumers from their websites?
Pause…
I love the store
Fishing stream dept is nice
You know bgol niggas don't go out doors lol
More than 25 yrs ago footlocker killed the mom and pop sneaker stores, now they bout to be copped by another brand who would’ve ever thought
That's where I get my hokas from..place got everything! I imagine that they have a plan.. since foot locker already have a mall footprint!
Sports Authority is a name I haven’t heard in a long time but it was legit
Yes sir! Not to many sporting good stores and theirs is one of the biggest!!
we all know what he meant, lol
I have 3 near me and they are always empty. They are too expensive for shit you can find elsewhere cheaper. Footlocker on the otherhand is always packed.
Dick's was ok back in the 90's but after they stopped getting what was hot it was pointless to even go in there unless you were getting some sporting good item,I liked looking at the B.B guns.
I looked in there a few months ago and I saw a rock climbing thingy and some kayaks hanging up.
I looked in there a few months ago and I saw a rock climbing thingy and some kayaks hanging up.
@DJ got something to say about that. lol
Used to go to one or two of their stores back in the 90s when visiting the States with family. Always thought they had a good selection of stuff.
Pops used to take us to this place in Bellingham, WA as well ... it wasn't as well-known by many travellers, but could always find some good buys on footwear & apparel ...
yeagerssportinggoods.com
Pops used to take us to this place in Bellingham, WA as well ... it wasn't as well-known by many travellers, but could always find some good buys on footwear & apparel ...
Sporting Goods Store | Sports Equipment in Bellingham
Yeager’s is a sporting goods store based in Bellingham, WA. We’ve been serving the community for over 100 years with high-quality outdoor and athletic gear.
yeagerssportinggoods.com
I dont go into Dick's (no diddy) cause they have one of the best retail sites on the market.
Well I have a couple not far, but if I go during the day no crowd, but evening and weekends nice crowds..
Footlocker use to be owned by Woolworth’s. They went out of business but Footlocker stayed.
The F. W. Woolworth Company (often referred to as Woolworth's or simply Woolworth) was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores follow worldwide today.
The first Woolworth store was opened by Frank Winfield Woolworth on February 22, 1879, as "Woolworth's Great Five Cent Store" in Utica, New York. Though it initially appeared to be successful, the store soon failed.<a href="https://en.wikipedia.org/wiki/F._W._Woolworth_Company#cite_note-FOOTNOTEWinkler2017-1"><span>[</span>1<span>]</span></a>[<em><a href="https://en.wikipedia.org/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources"><span title="This citation requires a reference to the specific page or range of pages in which the material appears. (January 2025)">page needed</span></a></em>] When Woolworth searched for a new location, a friend suggested Lancaster, Pennsylvania. Using the sign from the Utica store, Woolworth opened his first successful "Woolworth's Great Five Cent Store" on June 21, 1879, in Lancaster. He brought his brother, Charles Sumner Woolworth, into the business.
The two Woolworth brothers pioneered and developed merchandising, direct purchasing, sales, and customer service practices commonly used today. Despite its growing to be one of the largest retail chains in the world through most of the 20th century, increased competition led to its decline beginning in the 1980s apart from the company's growing sporting goods division.
The chain went out of business in July 1997, when the company decided to focus primarily on sporting goods and renamed itself Venator Group. By 2001, the company focused exclusively on the sporting goods market, changing its name to the current Foot Locker, Inc., changing its ticker symbol from its familiar Z in 2003 to its present ticker (NYSE: FL).
Retail chains using the Woolworth name survived in Austria, Germany, Mexico and the United Kingdom as of 2025. The similarly named Woolworths supermarkets in Australia and New Zealand are operated by Australia's largest retail company, Woolworths Group, a separate company with no historical links to the F. W. Woolworth Company or Foot Locker, Inc.; it did, however, take the name from the original company, as it had not been registered or trademarked in Australia at the time.<a href="https://en.wikipedia.org/wiki/F._W._Woolworth_Company#cite_note-2"><span>[</span>2<span>]</span></a> Similarly, in South Africa, Woolworths Holdings Limited operates a Marks & Spencer-like store and uses the Woolworth name, but has never had any connection with the American company. The property development company Woolworth Group in Cyprus began life as an offshoot of the British Woolworth's company, originally operating Woolworth's department stores in Cyprus. In 2003, these stores were rebranded Debenhams, but the commercial property arm of the business retained the Woolworth's name.
The first Woolworth store was opened by Frank Winfield Woolworth on February 22, 1879, as "Woolworth's Great Five Cent Store" in Utica, New York. Though it initially appeared to be successful, the store soon failed.<a href="https://en.wikipedia.org/wiki/F._W._Woolworth_Company#cite_note-FOOTNOTEWinkler2017-1"><span>[</span>1<span>]</span></a>[<em><a href="https://en.wikipedia.org/wiki/Wikipedia:Citing_sources" title="Wikipedia:Citing sources"><span title="This citation requires a reference to the specific page or range of pages in which the material appears. (January 2025)">page needed</span></a></em>] When Woolworth searched for a new location, a friend suggested Lancaster, Pennsylvania. Using the sign from the Utica store, Woolworth opened his first successful "Woolworth's Great Five Cent Store" on June 21, 1879, in Lancaster. He brought his brother, Charles Sumner Woolworth, into the business.
The two Woolworth brothers pioneered and developed merchandising, direct purchasing, sales, and customer service practices commonly used today. Despite its growing to be one of the largest retail chains in the world through most of the 20th century, increased competition led to its decline beginning in the 1980s apart from the company's growing sporting goods division.
The chain went out of business in July 1997, when the company decided to focus primarily on sporting goods and renamed itself Venator Group. By 2001, the company focused exclusively on the sporting goods market, changing its name to the current Foot Locker, Inc., changing its ticker symbol from its familiar Z in 2003 to its present ticker (NYSE: FL).
Retail chains using the Woolworth name survived in Austria, Germany, Mexico and the United Kingdom as of 2025. The similarly named Woolworths supermarkets in Australia and New Zealand are operated by Australia's largest retail company, Woolworths Group, a separate company with no historical links to the F. W. Woolworth Company or Foot Locker, Inc.; it did, however, take the name from the original company, as it had not been registered or trademarked in Australia at the time.<a href="https://en.wikipedia.org/wiki/F._W._Woolworth_Company#cite_note-2"><span>[</span>2<span>]</span></a> Similarly, in South Africa, Woolworths Holdings Limited operates a Marks & Spencer-like store and uses the Woolworth name, but has never had any connection with the American company. The property development company Woolworth Group in Cyprus began life as an offshoot of the British Woolworth's company, originally operating Woolworth's department stores in Cyprus. In 2003, these stores were rebranded Debenhams, but the commercial property arm of the business retained the Woolworth's name.
More. White folks love that place. I'm starting to join them.
My city has a 50,000 sq. ft. Dick's store with two levels and an indoor climbing area. Always jam-packed with the outdoorsy type of white folks.
Footlocker is being taken over for almost twice their current price. If you're a stockholder, that's fantastic. I was holding Chicos when they were taken over. If you're a Footlocker employee or if you're renting to them, it's about to be hell.
Covid tactic that failed.
You can't buy a kids kicks from online. People still need to look at and try on kicks.
Yeah, they started building Super Dicks to compete with Bass Pro Shops
Corporations are inching closer to a monopoly/
Imagine the front door person greeting you with, "welcome to Super Dicks."
The phrase "pause" would be working overtime.
Similar threads
