Dick's Closes $2.5B Foot Locker Deal In Major Sporting Goods Merger
Dick's Sporting Goods has finalized its purchase of Foot Locker, creating a global sports retail giant with more than 3,200 stores in 20 countries.
The Pittsburgh-based chain completed the $2.5 billion deal to acquire the sneaker chain on Monday, Sept. 8. Dick's will keep Foot Locker's brands, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
The combined company will now operate across North America, Europe, Asia, and Australia, with licensed stores in Europe, the Middle East, and Asia.
"We are very enthusiastic about the future of Foot Locker," said Dick's…
Target Picks New CEO In Bid To Win Back Shoppers Amid Plunging Sales, Boycotts
Target has picked a longtime executive to take over as CEO amid plummeting sales and a slumping stock throughout 2025.
Chief operating officer Michael Fiddelke will become Target's next CEO, the retail giant announced on Wednesday, Aug 20. Fiddelke, who has spent two decades at Target, will succeed current chief executive Brian Cornell on Sunday, Feb. 1, 2026.
Cornell, 66, will become the executive chair of Target's board and help Fiddelke, 49, in the transition.
"There is no one better suited to move Target forward than Michael Fiddelke," Cornell said in a statement. "He brings …
Skittles Gets Fiery With Newest Candy: How To Buy Spicy Gummies
Fans of Skittles will soon be able to spice things up with the brand's newest candy.
Skittles will release Gummies Fuego, a sweet-and-spicy twist on the classic candy. McLean, Virginia-based Mars Inc. announced the "swicy" flavor in a news release on Monday, Aug. 18.
The candy features a tangy chili coating to the gummies, which are a fusion of five Skittles flavors: mango, watermelon, strawberry, raspberry, and lemon.
"At Mars, we're always paying attention to emerging trends and looking for exciting new ways for our fans to experience Skittles," said Ro Cheng, the marketing vice presiden…
