Dick’s Sporting Goods to shutter some Foot Locker stores to protect profits
Dick’s Sporting Goods plans to close an unspecified number of Foot Locker stores as part of a restructuring aimed at boosting profitability by fiscal 2026. Executives said they are taking aggressive steps—such as markdowns, asset impairments, and selective closures—to streamline Foot Locker’s operations. The restructuring will pressure Foot Locker’s near-term sales and margins, even as Dick’s core stores posted stronger-than-expected comparable sales growth. Dick’s raised … Continue reading Dick’s Sporting Goods to shutter some Foot Locker stores to protect profits
