Foot Locker news and archive

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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Matthew Barnes named president of Foot Locker International

Dick's Sporting Goods has named seasoned global retail executive Matthew Barnes as president of Foot Locker International, effective December 3, 2025, marking a key leadership addition following the company’s acquisition of Foot Locker earlier this year. Barnes will oversee Foot Locker’s international store network, eCommerce, and digital...

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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...

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...

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...

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...

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...

Foot Locker updates membership program in Europe

Following the rollout of the revamped FLX Rewards Program in the US in 2024, Foot Locker is now launching the new customer loyalty program in Europe. It will offer new and improved features, optimized customer experiences, and increased benefits for members. The adjustments were based on insights from the previous program. New benefits include...

Champs Sports launches revised store concept

Champs Sports, an American sportswear retailer and a subsidiary of Foot Locker, has unveiled its renewed retail concept in Tampa, Florida, and Portland, Oregon. The reimagine retail concept was created to offer customers an enhanced brand journey through a more immersive retail experience. The new concept introduces a more inviting, modernized...