Dick’s to Shutter Foot Locker Stores as Part of Major Restructuring

Dick’s Sporting Goods will close an unspecified number of Foot Locker stores following its acquisition.

Transcript

00:00Dick's Sporting Goods will close an unspecified number of Foot Locker stores following its acquisition,

00:05aiming to prevent the struggling chain from weighing on profits by fiscal 2026.

00:10Executives say the restructuring includes aggressive markdowns, asset impairments, and store closures,

00:16though they declined to disclose potential layoffs.

00:19While Foot Locker's sales and margins are expected to decline sharply this quarter,

00:23Dick's core business outperformed expectations with strong comparable sales and raised full-year guidance.

00:30We'll see you next time.