Sen. Warren asks FTC to consider blocking Dick's-Foot Locker merger over antitrust concerns
1. Sen. Warren urges FTC to block DKS Foot Locker acquisition, citing job cuts. 2. Merger could raise sneaker prices and reduce market competition. 3. Combined entity may control 5,000 shoe stores, impacting independent retailers. 4. Historical merger scrutiny by FTC raises concerns over regulatory approval. 5. Experts predict merger approval, possibly with store divestments.