Foot Locker, Inc. (FL)

DICK'S Sporting Goods remains a 'Buy' as the Foot Locker acquisition and core business momentum strengthen the growth outlook. The Foot Locker deal positions the company as a global sporting goods leader, enhances its Nike partnership, and reduces integration risk by operating Foot Locker independently. DKS's GameChanger digital platform is scaling rapidly, generating high-margin, recurring revenue and expanding the company's long-term growth drivers.

U.S. President Donald Trump's trade war is helping to push U.S. clothing and footwear acquisitions to all-time highs this year, with some companies merging to help offset tariff costs while others go private to weather the next 3-1/2 years of his presidency outside of the public market, dealmakers say.

PITTSBURGH , Sept. 9, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S" or the "Company") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the expiration and final results of its previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued by DICK'S (the "DICK'S Notes") and (2) in certain instances, cash, and the related consent solicitation by Foot Locker (the "Consent Solicitation") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Foot Locker Notes (the "Foot Locker Indenture").

Foot Locker is now officially a part of Dick's Sporting Goods. Dick's announced Monday (Sept. 8) that it had concluded its $2.4 billion acquisition of the footwear and sporting goods chain. This purchase gives Dick's a greater piece of the sneaker market, as it now operates more than 3,200 stores, while positioning it to expand on an international basis.

Dick's Sporting Goods (NYSE:DKS) shares gained nearly 2% to $225.03 in late-morning trading on Monday after the sporting goods retailer announced that it has completed its acquisition of Foot Locker, Inc.   Dick's said the combined company will operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, and Australia, plus a licensed store presence in Europe, the Middle East and Asia.    "Bringing together the strengths of both companies will help us return Foot Locker to growth while continuing to fuel DICK'S momentum," Dick's Sporting Goods CEO Lauren Hobart said in a statement.

A bold collaboration rooted in heritage and West Coast culture LOS ANGELES , Sept. 5, 2025 /PRNewswire/ -- WSS, a banner under Foot Locker, Inc. (NYSE: FL) and the neighborhood shoe store that brings sneakers and streetwear culture to the community, proudly announces a collaboration with two cultural powerhouses: Mister Cartoon, a legendary cultural icon and artist, and Pro Club, an iconic L.A.

NEW YORK , Sept. 2, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: United Parks & Resorts Inc. (NYSE: PRKS) will replace Foot Locker Inc. (NYSE: FL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, September 8.

PITTSBURGH and NEW YORK , Sept. 2, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S Sporting Goods") (NYSE: DKS) and Foot Locker, Inc. ("Foot Locker") (NYSE: FL) today announced the preliminary results of the elections made by Foot Locker shareholders of record regarding the form of consideration they wish to receive in exchange for their shares of Foot Locker common stock in connection with the previously announced acquisition of Foot Locker by DICK'S Sporting Goods (the "Merger").

The retailer's merger with Foot Locker is expected to close on Sept. 8.

While the top- and bottom-line numbers for Foot Locker (FL) give a sense of how the business performed in the quarter ended July 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

•     Total Sales Down 2.4% Year-over-Year and Comparable Sales Down 2.0% •     North American Comparable Sales Increase of 1.4% •     GAAP EPS Loss of $0.39 and Non-GAAP EPS Loss of $0.27 •     Continued Store Modernization Efforts with 52 Refreshes •     Opened 11 Reimagined Stores including the First 2 Champs Sports Stores  •     Successfully Launched Enhanced FLX Rewards Program in Europe NEW YORK , Aug. 27, 2025 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL) today reported financial results for its second quarter ended August 2, 2025. Mary Dillon, Chief Executive Officer said, "In the second quarter, we built sequential momentum and delivered positive North American comparable sales results led by our Foot Locker, Kids Foot Locker, and Champs Sports banners, including a positive start to the Back-to-School season in July.

PITTSBURGH , Aug. 26, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the extension of the Expiration Date (as defined below) in connection with the previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued by DICK'S (the "DICK'S Notes") and (2) in certain instances, cash, and the related consent solicitation by Foot Locker (the "Consent Solicitation") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Foot Locker Notes (the "Foot Locker Indenture").   The deadline for eligible holders to tender Foot Locker Notes in order to be eligible to receive $1,000 in principal amount of DICK'S Notes per $1,000 principal amount of Foot Locker Notes validly tendered and not validly withdrawn, which was previously scheduled for 5:00 p.m.

PITTSBURGH , Aug. 26, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, today announced the extension of the Expiration Date (as defined below) in connection with the previously announced offer to eligible holders to exchange (the "Exchange Offer") any and all of Foot Locker, Inc.'s ("Foot Locker") 4.000% Senior Notes due 2029 (the "Foot Locker Notes") for (1) up to $400,000,000 aggregate principal amount of new 4.000% Senior Notes due 2029 issued by DICK'S (the "DICK'S Notes") and (2) in certain instances, cash, and the related consent solicitation by Foot Locker (the "Consent Solicitation") to adopt certain proposed amendments (the "Proposed Amendments") to the indenture governing the Foot Locker Notes (the "Foot Locker Indenture").   The deadline for eligible holders to tender Foot Locker Notes in order to be eligible to receive $1,000 in principal amount of DICK'S Notes per $1,000 principal amount of Foot Locker Notes validly tendered and not validly withdrawn, which was previously scheduled for 5:00 p.m.

Merger expected to close on September 8, 2025, subject to satisfaction of customary closing conditions PITTSBURGH and NEW YORK , Aug. 26, 2025 /PRNewswire/ -- DICK'S Sporting Goods, Inc. ("DICK'S Sporting Goods") (NYSE: DKS), a leading U.S. based full-line omni-channel sporting goods retailer, and Foot Locker, Inc. ("Foot Locker") (NYSE: FL), a leading footwear and apparel retailer, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), expired at 11:59 p.m., Eastern Time on August 25, 2025 in connection with the previously announced acquisition of Foot Locker by DICK'S Sporting Goods (the "Merger").