How Does The Dick's-Foot Locker Merger Impact Nike's Valuation?

Note: Nike’s FY’24 concluded on May 31, 2024.Photo by Smith Collection/Gado/Getty ImagesGado via Getty ImagesThis month marks a second significant billion-dollar transaction—following Skechers’ $9.4 billion sale—Dick’s Sporting Goods (NYSE : DKS) has declared a$2.4 billion purchase of Foot Locker (NYSE: FL). The agreement highlights the ongoing strength and strategic relevance of the sports retail industry, even in the face of persisting tariff pressures and varying consumer demand. Subject to shareholder ...