Fashion, footwear and retail mergers are not for the faint of heart.

Dick’s Sporting Goods earlier this month completed its $2.5 billion acquisition of Foot Locker . It’s a deal that has some pluses on paper. The combined entity gives it a store network of over 3,200 doors, plus e-commerce and digital business across 20 countries in North America, Europe, Asia, and Australia. That gives Dick’s the ability to reach new customers stateside and internationally. There’s also a licensed store presence in Europe, the Middle East and Asia. And on the vendor side, another benefit will be stronger relationships with key brand partners through multiple platforms. Jefferies analyst Randal J. Konik said in May when the deal was first announced that the transaction was a “ positive development

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