Strategic acquisition of Foot Locker by Dick's Sporting Goods to expand retail footprint and capture market share in athletic footwear and apparel. Foot Locker operates 2,500+ stores globally with significant brand partnerships (Nike, Adidas, Puma). Transaction valued at $2.4B with anticipated Q4 2025 closing. Key Focus Areas: - Real estate portfolio assessment (70% mall locations, 30% standalone) - Vendor contract portability (Nike consent is critical - 40% of inventory) - Employment retention (CEO manages Nike relationship) - Ongoing litigation review (12 employment matters, 1 class action) - FTC regulatory review expected given market concentration