Justin Bieber breaks silence on speculation he was a Diddy victim
Hip hop mogul and teen star made joint TV appearances 15 years ago that resurfaced online as Diddy headed to trial
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Dick's Sporting Goods is buying Foot Locker for $2.4 billion
Together, the two retailers will have to wade the choppy waters of new tariffs on imports, including footwear. And they'll face the growing competition from shoe brands selling directly to shoppers.
People walk by a Foot Locker store in Chicago. Scott Olson/Getty Images
toggle captionScott Olson/Getty ImagesAthletic retailer Dick's Sporting Goods plans to buy Foot Locker, the seller of shoes in many a shopping mall, for about $2.4 billion.
Dick's is the largest sports retail chain in the U.S. It's been on strong financial footing, but it doesn't have reach outside the country.
Foot Locker, for its part, has struggled as a mall-based chain, but it has a massive footprint of stores â about 2,400 across 20 countries. Dick's says Foot Locker has a broad range of shoppers to bring to the chain.
"The Foot Locker banner, which brings a more urban consumer and exposure to basketball and sneaker culture, can complement Dick's customer who skews toward athletes and suburban families," analyst Cristina FernĂĄndez of Telsey Advisory Group wrote in a note on Thursday.
Still, Dick's investors did not welcome the news, given Foot Locker's declining sales and waves of store closures. They sent the stock tumbling on Thursday.
Together, the two retailers will have to wade the choppy waters of new tariffs on imports, including footwear. And they'll face the growing challenge of big brands trying to sell more shoes directly to shoppers themselves.
"By joining forces with DICK'S, Foot Locker will be even better positioned to expand sneaker culture, elevate the omnichannel experience for our customers and brand partners, and enhance our position in the industry," Foot Locker CEO Mary Dillon said in a statement.
Dick's says it plans to keep Foot Locker as its own chain under its own name after the deal goes through in the second half of this year. Foot Locker shareholders and government regulators still need to approve it.
Hip hop mogul and teen star made joint TV appearances 15 years ago that resurfaced online as Diddy headed to trial
Read more >> : Cick here
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Longtime pro wrestling commentator Jim Ross announced Thursday he had been diagnosed with colon cancer.
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Pete Davidson and girlfriend Elsie Hewitt made their red carpet debut on Thursday evening at the 13th Annual Blossom Ball in New York City.
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JUSTIN Bieber has broken his silence on explosive rumours that he was abused by Sean âDiddyâ Combs. Hip-hop star Diddy, 55, whose sex trafficking trial kicked off this week, infamously âŚ
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As Diddyâs trial in Manhattan federal court continues, celebrity watchers online turned back to several videos of the âBump, Bump, Bumpâ rapper and the then-teenage Bieber.
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Cops arrested one of their own early Thursday for drinking and driving while on-duty, police said.
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Chatter linked Justin Bieber to the explosive Sean Combs - P Diddy - trial, held as the rapper is accused of a string of depraved crimes, including racketeering conspiracy
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'Words of War,' starring Maxine Peake as Anna Politkovskaya, provides a respectful but inauthentic tribute to the Russian journalist.
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Salma Hayek shared a glimpse into her bond with Blake Lively and Ryan Reynolds' four kids, exclusively telling E! News that "they understand Spanish, and they're lovely."
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Rubio, who is leading a US delegation in Turkey for talks â?? proposed by Putin â??Ă aimed at settling the bloodiest European conflict since World War II, lauded Trump as a peace-centric president.
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Taylor Frankie Paul, Mayci Neeley, Jen Affleck, Whitney Leavitt, Demi Engemann, Jessi Ngatikaura, Mikayla Matthews, Mayci Neeley, Layla Taylor and newcomer Miranda McWhorter star in "The Secret Lives of Mormon Wives" season two.
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Pete Davidson and girlfriend Elsie Hewittâwho went public with their romance in Marchâmade their red carpet debut at the Blossom Ball in New York City on May 15.Â
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R&B Singer Chris Brown has been arrested and charged with grievous bodily harm in the United Kingdom in connection with an alleged assault at a London nightclub in 2023, according to British authorities. According to the Metropolitan Police, Brown, 36, a U.S. national, was charged following an investigation into an incident that occurred on February [âŚ]
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The Duchess is said to have had 'a lot of sympathy' for Victoria Beckham's daughter-in-lawÂ
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âGigi is closer to Taylor and has definitely taken her side in this whole drama,â a source said Thursday.
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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service
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