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Why Foot Locker Is Closing Stores Nationwide
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2 Articles
2 Articles
Why Foot Locker Is Closing Stores Nationwide
Dick’s Sporting Goods is facing the financial heat after a disappointing third quarter and is turning to its newly acquired Foot Locker business to make up the difference. The company announced it will take up to $750 million in charges as it begins an aggressive overhaul of the sneaker retailer. Despite purchasing Foot Locker for $2.4 billion just six months ago, Dick’s says it now plans to close underperforming locations and offload unproducti…
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