Dick’s plans to ‘execute the heck’ out of Foot Locker acquisition

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Dick’s plans to ‘execute the heck’ out of Foot Locker acquisition
 
Published Wednesday, June 4, 2025 11:00 am
by Cara Salpini

This is a summary

"Despite strong Q1 results, Dick’s continued to play defense on Wednesday as analysts questioned its planned acquisition of Foot Locker. 

“We understand that there’s really a group of people out there — shareholders — that would really prefer we just continue to do what we’re doing,” Executive Chairman Ed Stack said on an earnings call. “We don’t think that’s right long-term for the business.”

Stack noted that the acquisition will strengthen Dick’s partnerships with brands, give the retailer a foothold in the $300 billion sportswear market and help it gain a customer it doesn’t currently have. Dick’s CEO Lauren Hobart noted on the call that Dick’s has just 30% of its stores in malls and does not currently have access to many of the urban environments Foot Locker operates in. "

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Dick’s plans to ‘execute the heck’ out of Foot Locker acquisition | RetailDive

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Dick’s plans to ‘execute the heck’ out of Foot Locker acquisition | RetailDive

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