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Considering that Dick’s Sporting Goods has been posting strong sales and profit numbers quarter after quarter, while Foot Locker has been mostly limping along, several analysts were surprised when Dick’s announced it would buy its mall-based rival for $2.4 billion. Dick’s executives continued their full-throated defense of the maneuver during their most recent earnings call, which took place after we recorded this episode.
Join Retail Dive Senior Editor Cara Salpini, who covers the sneaker and athletic space as a reporter, and Senior Reporter Daphne Howland as they discuss the implications of this unexpected tie-up.
Resource links:
- Dick’s plans to ‘execute the heck’ out of Foot Locker acquisition
- Dick’s quietly scales back outdoors business
- Nike CEO: Wholesale partners ‘feel we’ve turned our back on them’
- Reebok was meant to be a ‘Nike killer.’ How the brand lost its No. 1 spot
Editor’s note: This episode was produced and edited by Caroline Jansen.
