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Foot Locker

Business
Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger
Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger Dick's Sporting Goods has finalized its purchase of Foot Locker, creating a global sports retail giant with more than 3,200 stores in 20 countries. The Pittsburgh-based chain completed the $2.5 billion deal to acquire the sneaker chain on Monday, Sept. 8. Dick's will keep Foot Locker's brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. The combined company will now operate across North America, Europe, Asia, and Australia, with licensed stores in Europe, the Middle East, and Asia. "We are very enthusiastic about the future of Foot Locker," said Dick's…

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by Chris Spiker
Business
Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why
Dick's Sporting Goods Buying Foot Locker In $2.5B Deal: Here's Why Dick's Sporting Goods is buying Foot Locker in a $2.5 billion deal, as the major sports brands try to cash in on Nike partnerships and sneaker culture. Dick's and Foot Locker announced the acquisition in a joint news release on Thursday, May 15. The deal will allow the Western Pennsylvania-based Dick's to have its first international presence, since the athletics apparel chain only has stores in the US. Foot Locker runs 2,400 stores in 20 countries, including brands like Champs Sports and atmos. "We believe there is meaningful opportunity for growth ahead," said Dick's executive chair…

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by Chris Spiker
Police & Fire
Man Gunned Down Inside Prince George's County Store; Suspect At Large: Police (DEVELOPING) Man Gunned Down Inside Prince George's County Store; Suspect At Large: Police (DEVELOPING)
Man Gunned Down Inside Prince George's County Store; Suspect At Large: Police (Developing) One person was killed in a shooting near the Iverson Mall in Prince George's County late on Thursday afternoon, police say. An investigation was launched shortly before 6 p.m. on Oct. 10 when officers were called to the 3700 block of Branch Avenue to investigate a reported shooting. Upon arrival, first responders were met by a man in the store - reportedly an area Foot Locker - suffering from multiple gunshot wounds. He was pronounced dead at the scene. No details about a suspect or possible motive for the fatal shooting have been released by the police. It remains under investigation. M…

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by Zak Failla