Sneakers on Foot Locker display shelf. Photo: Brandon Bell via Getty Images
Dick's Sporting Goods announced that it's acquiring legacy retailer Foot Locker for roughly $2.4 billion.
Why it matters: The acquisition will help Dick's, already the largest sports retailer in the U.S., go international, acquiring Foot Locker's sizable footprint of 2,400 locations in 20 countries.
