
It’s been two weeks since athletic footwear and apparel retailer Foot Locker (FL) announced that it would sell itself to Dick’s Sporting Goods (DKS) for $2.5 billion, including the assumption of $100 million in net debt.
Foot Locker was already in a downward spiral when CEO Mary Dillon, former CEO of Ulta Beauty (ULTA), was hired in August 2022.