Sen. Elizabeth Warren (D-Mass.) raised concerns with the proposed merger between Dick’s Sporting Goods and Foot Locker on Tuesday, citing the potential blow for American families and businesses.

“Dick’s and Foot Locker currently compete with each other and with independent retailers to secure deals with suppliers. The new giant would have significantly increased power to extract favorable conditions with manufacturers,” Warren wrote in a letter to the Federal Trade Commission (FTC) and Antitrust Division of the Department of Justice (DOJ).

“This could mean that independent retailers are at a disadvantage when it comes to negotiating with suppliers, which could give Dick’s and Foot Locker an incentive to engage in anticompetitive conduct to restrict suppliers from dealing with independent

See Full Page