The sporting goods retailer has offered $24 per share of Foot Locker, the companies said on Thursday, representing an 86% premium to the stock’s last close. Shares of Foot Locker surged 85% to $23.78 ...

Shares are down about 40% for the year. Nike (NKE), Foot Locker’s biggest supplier, is ramping up its focus on its direct-to-consumer business. Last year, Nike (NKE) said it was shifting to ...

Dick’s will pay $24 a share for Foot Locker, reflecting a premium of 87% on the closing share price on Wednesday, before news ...

“With the combination of more direct to consumer from the brands, the deepening of specialists like [Dick’s Sporting Goods], the incursion of JD Sports, Foot Locker still looks risky,” said ...

“Both JD Sports and Foot Locker are magnets for exactly the ... But they need to internalize that moving to direct hasn’t lifted margins. It is simply one channel within the broader approach ...

Dick's Sporting Goods' ( DKS) big bet for Foot Locker ( FL) may have plenty of pitfalls. The company announced on Thursday a definitive agreement to purchase the sneaker chain for $24 per share, or $2 ...