It appears that the world’s largest sneaker retailer is about to be acquired. Foot Locker has faced tough times recently, with declining revenue and store closures. The American chain Dick’s Sporting Goods seems eager to come to Foot Locker’s rescue and is planning to acquire the retailer for a sum of $2.3 billion (Wall Street Journal, 2025).
The two parties are said to have discussed an acquisition price of $24 per share, nearly double the current stock price. According to an exclusive report, the deal could already be finalized on Thursday, May 15, 2025.
Foot Locker is currently active in 40 countries worldwide, with over 2,000 stores and 46,000 employees. Although the retailer still ranks among the top players, Foot Locker has been struggling with declining performance in recent years. Revenue dropped by 6% year over year, and since 2019, around 20% of its stores have been closed. In 2025, the company expects to close an additional 4% of its physical stores.
Dick’s Sporting Goods operates roughly 700 locations and is the largest sporting goods retailer in the United States. By acquiring Foot Locker, the company gains a significant opportunity to expand its international footprint.
After the acquisition, Foot Locker stores will continue to operate under their own brand name.
Sneaker retailer Foot Locker has been struggling with declining revenue for some time and has had to close several stores since 2019. Dick’s Sporting Goods sees the acquisition as an opportunity to expand internationally.
