Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion

Dick’s Sporting Goods to Buy Foot Locker for $2.4 Billion
A Dick's Sporting Goods sign at a store in Miami on Aug. 29, 2017. Alan Diaz/AP Photo
The Associated Press
Updated:
0:00

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion.

Dick’s said Thursday that it expects to run Foot Locker as a standalone unit and keep the Foot Locker brands, which include Kids Foot Locker, Champs Sports, WSS, and Japanese sneaker brand atmos.