Nike's Frenemies Just Locked Arms - And They're Coming For Control
1. Dick's acquires Foot Locker in a $2.4 billion deal. 2. The merger enhances operational efficiencies for the combined retail entity. 3. Nike could gain increased distribution through Foot Locker's enhanced performance. 4. Stronger negotiating leverage may pressure Nike's margins and terms. 5. Nike's role could shift as Dick's leans towards private labels.