The retail landscape is littered with failed mega-mergers, but that's not stopping Dick's Sporting Goods from trying its own hand at a big deal.
The company announced on Thursday that it was buying the long-suffering Foot Locker retail chain for $2.4 billion in Dick Sporting Goods' biggest-ever acquisition. The proposed deal would bring together two competitors that operate very differently: Foot Locker is a 2,400-store chain made up of mostly smaller locations in cities around the world with many stores in U.S. malls; Dick’s is comprised of roughly 800 big-box stores in suburbs, only in the U.S., and a strip mall fixture.
