FTC Clears $2.5 Billion DICK’S Sporting Goods-Foot Locker Merger Without Issuing a Second Request

On September 8, 2025, DICK’S Sporting Goods closed its $2.5 billion acquisition of Foot Locker, after the Federal Trade Commission (FTC) cleared the transaction without issuing a second request.

The Econic Partners team, led by Founding Partner Jon Orszag and Dr. Yair Eilat, submitted empirical analyses to the FTC utilizing detailed transaction data from both merging parties. These analyses showed that the merger would not harm competition in any relevant product market.

The team supporting Mr. Orszag and Dr. Eilat included Dr. Dan Hosken, Arela Haluci, Genaro Marquez, Jake Kramer, Jeffrey Tan, Ruchika Roy, David Cheng, Colin Donahue, Denielle Amparado, and Nafisa Ahmed of Econic Partners, and Guillermo Israilevich and Will Lobo of Compass Lexecon.

Econic Partners worked closely with Franco Castelli and Jordan Cohen-Kaplan of Wachtell, Lipton, Rosen & Katz, who represented DICK’S. The Econic Partners team also worked alongside Foot Locker’s counsel Kenneth Schwartz and Justine Haimi of Skadden, Arps, Slate, Meagher & Flom, and Foot Locker’s economic consultant Andrew Dick of Charles River Associates.