When Dick's spent $2.5 billion to purchase Foot Locker in May 2025, the company quickly moved to continue the brand's turnaround. That included a well-publicized decision to shut dozens of Foot Locker stores. Dick's closed 33 stores across the Foot…
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Following a $2.5 billion acquisition, the new owner is quickly reorganizing the acquired business. One of its chains has already shrunk by a third, and further decisions remain open.