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Dick’s Sporting Goods to Trim Foot Locker Fleet

Retailer says integrating two chains could cost up to $750M.

Published

2 months ago

November 25, 2025

VMSD Staff

Dick’s Sporting Goods to Trim Foot Locker Fleet — In addition to closing the acquisition of Foot Locker during its most recent quarter, Dick’s Sporting Goods opened several Collectors Clubhouses in its House of Sports stores. Photo: Courtesy of Dick’s Sporting Goods

In addition to closing the acquisition of Foot Locker during its most recent quarter, Dick’s Sporting Goods opened several Collectors Clubhouses in its House of Sports stores. Photo: Courtesy of Dick’s Sporting Goods

Dick’s Sporting Goods Inc. (Pittsburgh) says it expects to close an as-yet-undisclosed number of its recently acquired Foot Locker chain. The retailer made that disclosure in its earnings report for its third quarter ended Nov. 1.

“The company has initiated a review of unproductive assets which includes clearing out unproductive inventory, closing underperforming stores, and right-sizing assets that don’t align with our go-forward vision for the Foot Locker business,” the Dick’s release said. “These actions, along with additional merger and integration costs, are expected to result in future pre-tax charges of $500 million to 750 million.”

Despite those challenges, Dick’s Executive Chairman Ed Stack is bullish about the buy.

“We are incredibly excited about our acquisition of Foot Locker, which marks a bold and transformative step that expands our reach and creates a global platform at the intersection of sport and culture. At Foot Locker, we’ve assembled a world-class management team and are taking decisive actions to ‘clean out the garage’ by clearing unproductive inventory, closing underperforming stores and laying the foundation for a fresh start in 2026.”

According to statistics provided by the retailer, Foot Locker had 2589 stores as of Nov. 1.

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