Recent news has emerged that Dick's Sporting Goods Inc. $DKS has finalized a $2.4 billion deal to acquire Foot Locker Inc. $FL, marking a significant moment in the retail sector. This merger combines two retailers that have been adversely affected by the tariff wars initiated during Donald Trump's presidency.

Recent reports from Kohl's Corp. (KSS) and Dick's Sporting Goods Inc. (DKS) paint a concerning picture for American retailers. Both brands have expressed worries about the state of consumers in the US, leading to a revision of expectations regarding sales and profits.