Retail ETFs Set to Gain on Dick's $2.4B Foot Locker Buyout

Dick’s Sporting Goods (DKS) , the nation’s leading sporting goods retailer, is set to acquire struggling shoe chain Foot Locker (FL) for $2.4 billion. The acquisition will be funded through a mix of existing cash and newly raised debt.The Dick’s–Foot Locker acquisition could mark a crucial shift in the global athletic retail landscape and could benefit retail ETFs like SPDR S&P Retail ETF (XRT) , VanEck Vectors Retail ETF (RTH) , Amplify Online Retail ETF (IBUY) and ProShares Online Retail ETF (ONLN) .Deal ...