DICK’S Closing Foot Locker Stores
The DICK’S Foot Locker store closures are officially underway as DICK’S Sporting Goods reshapes the chain following its $2.4 billion acquisition in May 2025. The shift surfaced in the company’s third-quarter earnings report, which hinted at a firmer retail restructuring as 2026 approaches.
DICK’S said Foot Locker closures will focus on the locations with chronic losses, slow traffic or redundant market coverage. Sounds familiar: A stronger retailer acquires a weaker one, then consolidates to defend long-term margins. Brands across the industry have done this during previous downturns, although this move feels more strategic than reactive.
Foot Locker’s challenges have been brewing for years. Nike’s push toward direct-to-consumer sales squeezed the chain’s top sellers, while inconsistent product storytelling made it hard to keep pace with newer specialty retailers. DICK’S, meanwhile, continues to exceed expectations, giving the company enough leverage to execute a broad retail restructuring without threatening its core business.
The transition won’t be cheap. DICK’S projects up to $750 million in restructuring costs, a figure that briefly pushed shares down before stabilizing. However, the company believes the slimmer, more curated Foot Locker footprint will pay off.
DICK’S hasn’t detailed how many stores will close, but DICK’S Foot Locker store closures are expected to accelerate as 2026 nears, with updates expected through investor channels and retail partners.
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