Retailer Dick’s Sporting Goods announced last week it is acquiring competitor Foot Locker for an estimated $2.4 billion. Foot Locker currently operates approximately 2,400 retail stores across 20 countries in North America, Europe, Asia, Australia and New Zealand. Last year, Foot Locker reported global sales of $8 billion.

Foot Locker owns Kids Foot Locker, Champs Sports, WSS, and atmos, and has 2,400 stores in 20 countries, including North America, Europe, and Asia.

The retail landscape is littered with failed mega-mergers, but that's not stopping Dick's Sporting Goods from trying its own hand at a big deal. The company announced on Thursday that it was buying the long-suffering Foot Locker retail chain for $2.