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Dick’s Sporting Goods will close some underperforming Foot Locker stores after its $2.4 billion acquisition to streamline operations and boost long-term growth.
Dick’s Sporting Goods plans to close underperforming Foot Locker stores as part of a post-acquisition restructuring, following its $2.4 billion purchase completed in September.
The company cited the need to streamline operations, liquidate excess inventory, and reset the business for long-term growth.
While specific store locations and closure timelines remain undisclosed, Dick’s expects to provide further details during its fourth-quarter earnings call.
The company reported over $4 billion in net sales for the quarter, with improvements in pricing and store expansion.
It raised its 2025 comparable sales forecast to 3.5-4% and aims to complete inventory adjustments by year-end to strengthen Foot Locker’s position for the 2026 back-to-school season.
Dick's Sporting Goods cerrará algunas tiendas Foot Locker de bajo rendimiento después de su adquisición de $2.4 mil millones para agilizar las operaciones e impulsar el crecimiento a largo plazo.