A round of layoffs, relocations and a return to office mandate began on Monday at Foot Locker, which was acquired by Dick’s Sporting Goods last September. Courtesy Photos Dick’s Sporting Goods on Monday began a series of layoffs at its Foot Locker operation, sources said. The layoffs weren’t unexpected — it was just a question […]
Dick’s Sporting Goods’ executive chairman Edward Stack said a review of the “Fast Break” pilot at Foot Locker stores could mean fewer locations need to be closed than initially expected. Brandon Bell/Getty Images Dick’s Sporting Goods executive chairman Edward W. Stack sees long-term opportunity for growth of the Foot Locker banner. “We’ve moved quickly to […]
A rendering of Foot Locker’s proposed headquarters in Florida. Courtesy of The Feil Organization Foot Locker’s future headquarters in St. Petersburg, Fla. is no more. In a memo by St. Petersburg city development administrator James Corbett, which was seen by FN, the retailer has “reevaluated” its corporate strategy following its $2.4 billion acquisition by Dick’s […]
The footwear area inside the House of Sport. Getty Images for DICK’S Sporting Dick’s Sporting Goods has opened the doors to its first House of Sport concept store in the New York City area. Located inside the Newport Centre shopping mall in Jersey City, N.J., the 85,000-square-foot store is the retailer’s smallest House of Sport […]
An avatar of J.J. Watt serves as tour guide for the virtual House of Sport. Courtesy of Dick’s Sporting Goods Dick’s Sporting Goods is tapping former NFL star J.J. Watt to help launch a new virtual concept. The retailer is debuting a virtual version of its House of Sport (HOS) concept store on Dicks.com. Through […]
Nike is a big wholesale account for Dick’s and Foot Locker, representing a combined $8 billion in sales for the two retailers. Jim Watson/AFP via Getty images On the heels of Skechers’ $9 billion go-private deal last week, all eyes are now on Dick’s Sporting Goods Inc.’s $2.4 billion move to buy Foot Locker Inc. […]
Dick’s has navigated several rounds of tariff changes during the prior Trump administration. CREDIT: Getty Images Dick’s Sporting Goods is the latest retailer to publicly sound off about its strategy to deal with potential new tariffs. In a Tuesday call with analysts discussing the company’s third quarter results, Dick’s chief financial officer Navdeep Gupta addressed […]
Dick’s Sporting Goods will aways be rooted in sport. But the retailer is making a concerted push in the lifestyle space via a broader assortment of hot footwear brands in stores. In a call with analysts discussing second quarter earnings results, Dick’s president and chief executive officer Lauren Hobart said that the chain’s investments in […]