Dick's Foot Locker Deal Has Loop Capital 'Scratching Our Heads' -- Market Talk

Dow Jones

May 16, 2025

1350 ET - Dick's Sporting Goods deal for Foot Locker is confusing Loop Capital for a number of reasons. "To be blunt, we are scratching our heads... particularly given the uncertain current U.S. macroeconomic environment, a potential U.S./China trade war, and Foot Locker's continued struggles," says managing director Anthony Chukumba. Further puzzling the deal's logic, he adds, is Dick's bullish outlook on its House of Sport and 50,000 square foot next generation store concepts. Chukumba says the only silver linings are the greater leverage Dick's will have with large athletic footwear and apparel manufacturers and the fairly reasonable price--$2.4 billion--it's paying. Dick's Sporting Goods slides 14% to $179.74, while Foot Locker surges 85% to $23.78. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

May 15, 2025 13:50 ET (17:50 GMT)

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Further puzzling the deal's logic, he adds, is Dick's bullish outlook on its House of Sport and 50,000 square foot next generation store concepts. Chukumba says the only silver linings are the greater leverage Dick's will have with large athletic footwear and apparel manufacturers and the fairly reasonable price--$2.4 billion--it's paying. Dick's Sporting Goods slides 14% to $179.74, while Foot Locker surges 85% to $23.78. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2025 13:50 ET (17:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dick's Foot Locker Deal Has Loop Capital 'Scratching Our Heads' -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDick's Foot Locker Deal Has Loop Capital 'Scratching Our Heads' -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-16 01:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1350 ET - Dick's Sporting Goods deal for Foot Locker is confusing Loop Capital for a number of reasons. \"To be blunt, we are scratching our heads... particularly given the uncertain current U.S. macroeconomic environment, a potential U.S./China trade war, and Foot Locker's continued struggles,\" says managing director Anthony Chukumba. Further puzzling the deal's logic, he adds, is Dick's bullish outlook on its House of Sport and 50,000 square foot next generation store concepts. Chukumba says the only silver linings are the greater leverage Dick's will have with large athletic footwear and apparel manufacturers and the fairly reasonable price--$2.4 billion--it's paying. Dick's Sporting Goods slides 14% to $179.74, while Foot Locker surges 85% to $23.78. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2025 13:50 ET (17:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKS","symbol_name":"迪克体育用品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2535587979","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535587979","pubTimestamp":1747331400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1350 ET - Dick's Sporting Goods deal for Foot Locker is confusing Loop Capital for a number of reasons. \"To be blunt, we are scratching our heads... particularly given the uncertain current U.S. macroeconomic environment, a potential U.S./China trade war, and Foot Locker's continued struggles,\" says managing director Anthony Chukumba. Further puzzling the deal's logic, he adds, is Dick's bullish outlook on its House of Sport and 50,000 square foot next generation store concepts. Chukumba says the only silver linings are the greater leverage Dick's will have with large athletic footwear and apparel manufacturers and the fairly reasonable price--$2.4 billion--it's paying. Dick's Sporting Goods slides 14% to $179.74, while Foot Locker surges 85% to $23.78. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DKS":"迪克体育用品","BK4200":"专卖店","BK4588":"碎股","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4094":"服装零售","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD"},"translate_title":"Dick's Foot Locker交易让Loop Capital“摸不着头脑”——市场讨论","themeId":"205b123e25eaf7a23c2e52c4ec68e4d9","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKS":0.9,"FL":1},"content_text":"1350 ET - Dick's Sporting Goods deal for Foot Locker is confusing Loop Capital for a number of reasons. \"To be blunt, we are scratching our heads... particularly given the uncertain current U.S. macroeconomic environment, a potential U.S./China trade war, and Foot Locker's continued struggles,\" says managing director Anthony Chukumba. Further puzzling the deal's logic, he adds, is Dick's bullish outlook on its House of Sport and 50,000 square foot next generation store concepts. Chukumba says the only silver linings are the greater leverage Dick's will have with large athletic footwear and apparel manufacturers and the fairly reasonable price--$2.4 billion--it's paying. Dick's Sporting Goods slides 14% to $179.74, while Foot Locker surges 85% to $23.78. (denny.jacob@wsj.com; @pennedbyden) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2025 13:50 ET (17:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}