Overview
- The company said it will shutter an unspecified number of underperforming locations, with a list expected in its next quarterly update.
- DICK'S forecast $500 million to $750 million in pre-tax charges tied to inventory clean-ups, store impairments and integration costs.
- Early fixes are being trialed in 11 stores, including tighter assortments, restored apparel and a redesigned footwear wall.
- Matthew Barnes was appointed president of Foot Locker International effective Dec. 3, reporting to executive chairman Ed Stack, while Ann Freeman leads North America.
- Third-quarter revenue rose 36% to $4.17 billion with about $931 million from Foot Locker, as the company raised full-year guidance for the DICK'S banner and said Foot Locker comps will start in Q4 fiscal 2026.