Reported about 12 hours ago
Dick’s Sporting Goods Inc. shares experienced a decline as the company prepares to acquire Foot Locker Inc., with investors concerned about management's strategy for revitalizing the struggling sneaker chain. Despite raising its full-year outlook for sales growth and earnings, concerns over second-half demand persist. The $2.4 billion acquisition is slated to close on September 8, as Dick's CEO remains optimistic about future investments in Foot Locker, although detailed plans are awaited.
Source: YAHOO