Foot Locker is closing stores as Dick’s struggles with turnaround: See where locations shuttered in 2026
Are Dick’s Sporting Goods investors waiting for the other shoe to drop? Shares of the Pittsburgh-based retailer plummeted more than 30% yesterday after a second-quarter earnings report that wasn’t promising. Despite seeing a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, compared to last year’s $4.71. The number falls short of Wall Street’s…
Dick's Sporting Goods investors are growing concerned as the retailer's shares plummeted over 30% following a disappointing second-quarter earnings report. Despite a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, falling short of analysts' expectations of $3.76. Dick's initiated a review of unproductive assets, aiming to optimize inventory, close underperforming stores, and reevaluate assets not aligned with the company's mission.
This review comes in the wake of Dick's $2.4 billion acquisition of Foot Locker in September 2025, aimed at strengthening its position in the footwear market. However, Foot Locker's performance has been lagging, with pro forma comparable sales declining 3.6% in the second quarter. The company has already closed 110 Foot Locker-branded stores, including 20 in North America, 8 in Champs Sports, 12 in Kids Foot Locker, 44 in WSS (Warehouse Shoe Store), 16 in Europe, 2 in Asia Pacific, 2 in Atmos, and 2 in other regions.
Dick's Sporting Goods did not provide a list of closed Foot Locker stores, but disclosed the closures by region and type. Despite the challenging quarter, Dick's executives remain confident in the long-term opportunity at Foot Locker and the company's overall turnaround efforts.
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