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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
Police ID Wanted Scissor-Sporting Armed Robber After Targeting Maryland Foot Locker Police ID Wanted Scissor-Sporting Armed Robber After Targeting Maryland Foot Locker
Police ID Wanted Scissor-Sporting Armed Robber After Targeting Maryland Foot Locker Police investigators in Maryland have identified a wanted armed robber who brandished scissors while stealing shoes from an area Foot Locker earlier this year.  Kenneth Shawn Purvis is wanted by the Montgomery County Department of Police following an armed robbery in September when he used scissors to make his great escape after stealing from the store, authorities announced. Video (see above) of the incident was released following the initial investigation into the robbery over the fall. Purvis was identified as a suspect publicly by police investigators on Friday, Dec. 2. The incide…

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by Zak Failla
Police & Fire
Scissor Sporting Armed Robber At Large After Targeting Maryland Foot Locker: Police Scissor Sporting Armed Robber At Large After Targeting Maryland Foot Locker: Police
Scissor Sporting Armed Robber At Large After Targeting Maryland Foot Locker: Police Video has been released by investigators in Montgomery County as they attempt to locate a wanted armed robber who used scissors to make his great escape after robbing a Foot Locker location. At approximately 12:30 p.m. on Friday, Sept. 9, officers from the Montgomery County Department of Police responded to Foot Locker in the 8600 block of Colesville Road in Silver Spring for a report of an armed robbery that had just taken place. The investigation determined that a suspect entered the store and asked to try on a pair of sneakers, stating his intention to purchase them, police said. The emp…

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by Zak Failla