Foot Locker news and archive

Foot Locker is putting its stores on a food delivery app

Foot Locker is putting its stores on a food delivery app. The retail company, which also owns Kids Foot Locker and Champs Sports, announced on Thursday a new partnership with Uber Technologies, Inc. that will allow consumers to shop from more than 1,000 stores across the U.S. directly through the Uber Eats app. "We're focused on giving customers...

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Dick's Sporting Goods raises low end of full year outlook following Foot Locker acquisition

US sports retailer Dick's Sporting Goods today reported its financial results for the first quarter ended May 2, 2026, delivering strong comparable store sales growth and increasing the lower threshold of its annual sales guidance. The consolidated results reflect the operation of the recently acquired Foot Locker business for the entire 13-week...

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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...

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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...

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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...

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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...

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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....

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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...

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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...

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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...

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Foot Locker brings new store concept to UK with largest regional flagship

Footwear retailer Foot Locker has unveiled its largest store in the UK, where it has introduced its ‘Re-imagined’ store concept for the first time in the region. Located in Birmingham’s Bullring, the new flagship store comes with three permanent areas to create what the company says is an “immersive sneaker experience”. This includes a Sneaker...

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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...