Dick’s Sporting Goods has revealed plans to acquire Foot Locker in a $2.4 billion deal. The sneaker retail industry is set to transform as Dick’s buys Foot Locker.

Luckily for parents (and children getting out of school), the Summer Kickoff Sale extends to Kids Foot Locker. Small sneakerheads can save up to 40% on select styles from May 22– May 26 online ...

Foot Locker has about 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. It also has a licensed store presence in Europe, the Middle East and Asia.

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S ...

Before the Dick's deal, Foot Locker's stock price has tumbled more than 40% this year. Foot Locker shares surged $10.90, or nearly 85%, to $23.78 after the start of trade on Thursday.

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.

Neil Saunders, managing director of GlobalData, said in an emailed statement that Foot Locker, which has a 4.3% share of the sporting goods market, would give an immediate boost to Dick's.