DSG BUYS Foot Locker for $2.3B USD

[bigjny88]

DSG is buying Foot Locker. For those who care.

Looks like Dicks is buying Foot Locker...

(pause)

DICK'S Sporting Goods to Acquire Foot Locker to Create a Global Leader in the Sports Retail Industry

Combination creates global platform within the growing sports retail industry, positioned to serve evolving needs of a broader range of consumers Poised to drive long-term success through innovative store concepts and digital experiences Foot Locker shareholders can elect to receive either...

investors.dicks.com

 

[rbk93]

Never thought I'd see the day honestly.

 

[6 Rings G.O.A.T.]

I couldn't figure out what DSG was..

 

[jayt1202]

How is DSG still doing well? Seems like most big box sports stores and shoe stores have fallen on hard times.

 

[bigjny88]

How is DSG still doing well? Seems like most big box sports stores and shoe stores have fallen on hard times.

If you've walked into most of these stores lately, they're getting big marketing pushes from most of the major shoe brands. It seems almost every week or month, a DSG store has like a big promo promoting some major athletic activity that is partnered by Nike, HOKA, New Balance, etc.

It has been happening since the pandemic too, back when Nike was too stuck up to appeal to the major big box shoe stores...........DSG was like one of the only stores Nike maintained a direct supply relationship with during the pandemic days before Nike's "decline" began.

 

[swendro]

As far as I could tell, their websites were functionally the same, so I thought they’ve been paired up for a while.

 

[Public Enemy]

Just saw the news. That is wild.

Dick’s Sporting Goods Reportedly Buying Foot Locker For $2.3 Billion

****’s Sporting Goods may acquire Foot Locker for $2.3B. Get the details before this retail power move kicks off.

sneakerbardetroit.com

"Looks like ****’s Sporting Goods is lacing up for a major retail power play. Word on Wall Street? They’re closing in on a deal to scoop up Foot Locker for a whopping $2.3 billion. That’s right—****’s might be adding new sneakers to their portfolio by Thursday, May 15.

The deal values Foot Locker at $24 per share—nearly double its current stock price. Talk about a glow-up! Founded in 1974, Foot Locker has more than 2,000 stores in 40+ countries and employs over 46,000 people. But despite its iconic status, it’s been tripping lately—losing 6% in revenue and closing hundreds of stores since 2019.

Meanwhile, ****’s Sporting Goods, founded in 1948, is flexing as America’s top sporting goods retailer with over 700 stores as of 2024. This retail acquisition would let ****’s go global in a big way—and possibly shake up the sneaker industry while they’re at it.

If finalized, the ****’s Sporting Goods Foot Locker acquisition could combine performance wear, lifestyle kicks, and global reach under one giant retail roof. Talk about a retail crossover episode we didn’t see coming.

Stay tuned. This business sneaker drop might just be bigger than your favorite retro re-release."

 

[Dr.BlasterCombo]

Ultimately this isn’t good for consumers. Gotta have competition

 

[bigjny88]

Ultimately this isn’t good for consumers. Gotta have competition

Yeah, it went from Foot Locker, JD Sports and DSG....................to now a disgusting monopoly 2 giant battle between JD Sports and DSG for like the big name sports/athletic wear stores.

Unless medium brand shoe stores like Fleet Feet step up, but they're still strictly a running shoe store brand at the moment

 

[rbk93]

Never saw DSG as a footwear competitor. Academy is one as well now that they're getting Jordan products.

Not sure who else I'm missing.

 

[Dr.BlasterCombo]

Never saw DSG as a footwear competitor. Academy is one as well now that they're getting Jordan products.

Not sure who else I'm missing.

DSG gets everything. Academy is pretty much a take down of dicks

 

[bigjny88]

Never saw DSG as a footwear competitor. Academy is one as well now that they're getting Jordan products.

Not sure who else I'm missing.

I haven't been into an Academy's in like 6 years, they're getting Jordan stuff now?

 

[rbk93]

I haven't been into an Academy's in like 6 years, they're getting Jordan stuff now?

Yeah, it started last month.

 

[bigjny88]

 

[AIR J XIII]

This feels weird, like when Footlocker bought Footaction/Champs/Eastbay in the 2000s.

 

[All Ready]

most stores stopped selling sports equipment

whole teams buying baseball bats and foldable chairs from dsg etc.

and they have all the functional shoes for running and playing

 

[brian8598]

This feels weird, like when Footlocker bought Footaction/Champs/Eastbay in the 2000s.

Sad times. I miss Footaction and, especially, Eastbay

 

[Bert.]

Shocked footlocker is even worth 2.3 bill

 

[us3less]

It's official now.

DICK'S Sporting Goods to Acquire Foot Locker to Create a Global Leader in the Sports Retail Industry

Combination creates global platform within the growing sports retail industry, positioned to serve evolving needs of a broader range of consumers Poised to drive long-term success through innovative store concepts and digital experiences Foot Locker shareholders can elect to receive either...

investors.dicks.com

 

[WASPS ANDD ASPS]

I couldn't figure out what DSG was..

I said outloud "Da Sporting Goods" when i read the title

 

[tr1ll]

My homeboy sent me this........like it matters. I can't tell you the last time I walked in a store and bought shoes or ordered them from a major retailer online.

 

[Public Enemy]

It's official now.

DICK'S Sporting Goods to Acquire Foot Locker to Create a Global Leader in the Sports Retail Industry

Combination creates global platform within the growing sports retail industry, positioned to serve evolving needs of a broader range of consumers Poised to drive long-term success through innovative store concepts and digital experiences Foot Locker shareholders can elect to receive either...

investors.dicks.com

This part:

"Create a global platform within the growing sports retail industry. The transaction will better position the combined company to serve consumers worldwide and expands ****'S addressable market opportunity. By combining with Foot Locker, ****'S will be poised to serve consumers not only in new locations in the U.S. through Foot Locker's complementary real estate portfolio, but also internationally for the first time. With strong long-term industry tailwinds, the combined company is well positioned for long-term growth."​

I know it's just marketing speak and mumbo jumbo and companies like Nike and Adidas hold the cards for distribution, but MAN I'd love to see an actual global platform where you can buy whichever colorways of shoes are available at any FTL worldwide.

Like there are colorways of shoes available in Europe or Japan or the Netherlands that aren't available in the U.S. So often you see new colorways unveiled on places like Sneaker Bar Detroit, and when those shoes release, they're overseas only and you can't get access to them through 2nd party means where it's all but guaranteed you're getting an authentic pair.

If they come up with a way that all the products available at ftl worldwide are available in the U.S., that would be incredible.

Also I'd be in a world of hurt from buying like $5,000 worth of shoes in the space of 6 months

 

[waukeganwill]

ngl been gettin majority of my athletic clothing and shoes from DSG probably past 5 years. Even had a decent selection of AF1 and kids shoes for the low and their store brand products are solid as well. They good in my book.

 

[Arthur Shelby]

 

[Dr.BlasterCombo]

End of an era. Now as grown men we gotta go through dicks to get what we want