America’s most popular shoe store to abruptly close down in select locations in mass ‘slew’ warning

THE most popular shoe vendor in America plans to shut down a massive amount of stores.

The company, now owned by Dick’s Sporting Goods, will “close a slew” of locations following its acquisition.

According to Dick’s Executive Chair Ed Stack, Foot Locker will close many shops in the coming months.

Stack said that the store closures are “part of a larger restructuring it’s implementing so Foot Locker isn’t a drag on its profits come fiscal 2026.”

However, Dick’s “declined to say how many stores would be impacted and whether the restructuring will include layoffs,” according to CNBC.

Stack said that Dick’s plans to “clean out the garage” with Foot Locker’s inventory.

MUST WIN

Patrick Mahomes makes true feelings known over Chiefs’ shocking 2025 NFL season

FROZEN OUT

NFL fans fear for Rodney Harrison after NBC analyst goes completely blank

The company wants to “get rid of all the old inventory that hasn’t worked very well.”

Stack wants to be “very aggressive” in this process.

“Our shareholders want us to do this and want us to get it done one time between the third quarter, fourth quarter, would be the vast majority that it’s done and then really get a fresh start in 2026,” he said.

Stack added that Dick’s is “extremely confident in the ability to turn this around.”

He also said that vendors are “really supporting of what we’re doing at Foot Locker.”

In Q3, Dick’s posted a profit of just $75 million compared to $228 million the year prior.

However, sales rose 5.9 percent to $3.24 billion.

The company “now expects same-store sales across its namesake brand” to grow 3.5 percent to four percent, according to the Wall Street Journal.