Why did Microsoft lay off more workers amid AI growth?
How will Trump's doubled steel tariffs affect US economy?
What caused Temu's US daily users to drop sharply?
How did Ukraine’s drone attacks impact Russian military assets?
Why is Meta pushing AI for ad creation by 2026?
What led to Pride Month sponsors pulling back funding?
How will Japan’s plan for domestic JGB ownership influence markets?
Dick’s Sporting Goods exec defends Foot Locker acquisition: ‘Like it or not, we make these decisions and investments for a lifetime’
fortune.com/2025/06/01/dicks-sporting-goods-exec-defends-foot-locker-acquisition
When Dick’s Sporting Goods announced the purchase of Foot Locker for $2.4 billion earlier this month, investors balked at the move. This week, Executive Chairman Edward Stack defended the acquisition in the Dick’s latest earnings call as a “unique opportunity to strengthen our brand…
This story appeared on fortune.com, 2025-06-01 13:29:00.