Footwear retailer Dick's Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker .

The deal gives Dick's a stronger foothold in the sneaker market with more than 3,200 stores and provides an entry into international markets, as both companies compete for market share.

Dick's expects the transaction to contribute to its earnings per share in fiscal 2026, excluding transaction-related and other one-time costs.

In May, the company announced plans to operate Foot Locker as a standalone business within its portfolio, retaining the sporting goods retailer’s existing brands.

The deal was finalized after the mandatory waiting period under U.S. antitrust law ended on August 25.

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