Overview

• As a combined retailer, the company now operates more than 3,200 stores and digital businesses across roughly 20 countries.
• Dick’s will keep Foot Locker, Kids Foot Locker, Champs Sports, WSS, and Atmos as standalone brands under the parent company.
• Executive chairman Ed Stack will lead the global Foot Locker businesses, and former Nike executive Ann Freeman was named president of Foot Locker North America, with Mary Dillon and Franklin Bracken exiting.
• Management projects $100 million to $125 million in medium‑term cost savings, primarily from procurement and direct sourcing, and expects the deal to be accretive to EPS in fiscal 2026.
• Analysts say Nike could gain broader wholesale reach through the enlarged retailer while facing greater negotiating leverage from the combined company over time.