Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a ...

Dick's Sporting Goods is buying the struggling Foot Locker retail chain for about $2.4 billion. The two chains operate a a ...

Foot Locker is the second major U.S. shoe company to be acquired in recent weeks as tariffs hit footwear industry.

The major retailer says it plans to keep the Foot Locker brand, which includes Kids Foot Locker and Champs Sports.

Dick’s said Thursday that it expects to run Foot Locker as a standalone unit and keep the Foot Locker brands, which include Kids Foot Locker, Champs Sports, WSS and Japanese sneaker brand atmos.