Foot Locker news and archive

Dick’s Sporting Goods initiates layoffs at Foot Locker

Nearly a year on from its acquisition of Foot Locker, parent company Dick’s Sporting Goods has begun a series of layoffs within the operations of the sportswear retailer. The news was confirmed to Footwear News by unnamed sources. FashionUnited has contacted Dick’s with a request to comment. Some employees were reportedly asked to ‘return to...

Retail

US retail industry outlook: Store closures persist into early 2026

Following a year marked by extensive store closures in 2025 – from the bankruptcy and eventual collapse of Joann Fabrics, to major network restructurings at Macy’s and Kohl’s – the US retail industry is likely anticipating some respite in the year. However, turbulence appears set to persist, at least through early 2026. Data from Business...

FeaturedMember

Business

Inside the Dick’s Sporting Goods playbook: A deep dive into Foot Locker’s new parent company

While Foot Locker is well-known internationally, Dick’s Sporting Goods has largely flown under the radar outside of North America. But its trajectory, from a local bait-and-tackle shop to a 13 billion dollar sporting goods powerhouse, reveals a strategy built on consistent expansion, retail innovation and operational persistence. From bait shop...

Member

Business

Dick's-Foot Locker merger: Stock option favoured by shareholders

Dick's Sporting Goods and Foot Locker have released the preliminary results regarding the form of payment Foot Locker shareholders will receive in the companies' merger. The deadline for shareholders to choose between cash or Dick's stock was August 29, 2025. Each share of Foot Locker common stock could be exchanged for either 24 dollars in cash...

Member

Business

Dick’s Sports Goods posts record Q2 sales, raises 2025 outlook

US retailer Dick’s Sporting Goods has reported record sales for its second quarter ending August 2, 2025. As such, the company opted to raise its full year 2025 guidance. The brand’s comparable sales rose 5 percent, while net sales came to 3.65 billion dollars, an increase of 5 percent on the 3.47 billion dollars in the same period last year....

FeaturedMember

Business

Foot Locker sees sales slow down in Q2 amid acquisition

Foot Locker Inc. has reported a total sales decrease of 2.4 percent to 1.85 billion dollars for the second quarter of 2025, marginally down from 1.89 billion dollars in the same period last year. The decline comes as the New York-based athletic retailer prepares for its acquisition by US company Dick’s Sporting Goods. Excluding the effect of...

Member

Business

Foot Locker shareholders approve of Dick’s Sporting Goods takeover

The shareholders of Foot Locker have approved of the footwear retailer’s acquisition by Dick’s Sporting Goods for a proposed sum of 2.4 billion dollars. Under the terms of the agreement, initially announced in May, shareholders can opt to receive either 24 dollars in cash or 0.1168 shares of Dick’s common stock for each share of Foot Locker...

Member

Business

US Senator Warren warns Foot Locker-Dick's merger could raise prices, hurt small businesses

U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division, urging them to carefully scrutinise and potentially block the proposed acquisition of Foot Locker by Dick’s Sporting Goods. The Senator expressed concern that the merger of two of the largest...

Member

Business

Foot Locker closes 56 stores as it swings to loss in Q1

Foot Locker enacted a series of global store closures in the first quarter ended May 3, 2025, as it swung into a loss amid declining sales. The company, which earlier this month announced it was to be acquired by US sports retailer Dick’s Sporting Goods, said that it closed 56 stores over the reported period. These included locations in South...

FeaturedMember

Business

Dick’s Sporting Good confirms 2.4 billion dollar acquisition of Foot Locker

US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have entered a definitive merger agreement holding an enterprise value of around 2.5 billion dollars. By combining the companies, Dick’s is setting out to create a global platform within the sports...

Member

Business

Dick’s Sporting Goods reportedly close to Foot Locker buyout

US retail chain Dick’s Sporting Goods is believed to be close to acquiring Foot Locker Inc. for around 2.3 billion dollars. This is according to a report by the Wall Street Journal (WSJ) that said a deal could be finalised as soon as Thursday, May 15. WSJ stated that Dick’s is looking to buy the footwear retailer for 24 dollars per share,...

People

Foot Locker elevates Franklin Bracken to president, advancing Lace Up Plan

Footwear and apparel retailer Foot Locker has appointed Franklin Bracken, currently executive vice president and chief commercial officer, as its new president, effective immediately. Bracken will continue to report to CEO Mary Dillon. In his expanded role, Bracken will collaborate closely with Dillon to expedite the implementation of the...