Dick’s Sporting Goods will close some Foot Locker stores, it announced on Tuesday, CNBC reports.
It released no details on the number of stores that will close or if workers will be laid off, but it is part of a restructuring plan to improve its profits in 2026. The retailer acquired Foot Locker for $2.4 billion in September.
Dick’s saw a rise in sales of 5.7% during its fiscal third quarter, higher than analysts expected.
