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Foot Locker closes 56 stores as it swings to loss in Q1

Foot Locker enacted a series of global store closures in the first quarter ended May 3, 2025, as it swung into a loss amid declining sales. The company, which earlier this month announced it was to be acquired by US sports retailer Dick’s Sporting Goods, said that it closed 56 stores over the reported period. These included locations in South...

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Business

Dick’s Sporting Good confirms 2.4 billion dollar acquisition of Foot Locker

US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have entered a definitive merger agreement holding an enterprise value of around 2.5 billion dollars. By combining the companies, Dick’s is setting out to create a global platform within the sports...

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