Dick’s Sporting Goods to Close Underperforming Foot Locker Stores Post-Merger
Dick's Sporting Goods has announced plans to shutter an unspecified number of Foot Locker locations following its acquisition of the sneaker retailer in September. The MOVE comes as part of a broader strategy to streamline operations and eliminate underperforming assets. Ed Stack, Dick's Executive Chairman, framed the decision as a necessary step to 'clean out the garage'—clearing unproductive inventory and laying groundwork for 2026.
Third-quarter revenue of $4.17 billion fell short of analyst estimates despite a 36% year-over-year increase. Market observers had anticipated synergies from the merger, particularly with brands like Nike that maintain partnerships with both retailers. The consolidation reflects ongoing pressures in the sporting goods retail sector, where operational efficiency increasingly determines market positioning.
