Dick’s Sporting Goods Bet Big on Sneakers With Foot Locker. It Backfired. - 𝓤𝓷𝓲𝓽𝓮𝓭 𝓢𝓽𝓪𝓽𝓮 24

Shares tumbled after the retailer revealed footwear discounts are sapping profits. The chairman defended a $2.4 billion deal for the sneaker chain.

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