Dick’s Sporting Goods (NYSE: DKS) announced it will close select Foot Locker stores and raised its full-year year outlook, in its third quarter earnings report on Tuesday.

While Dick’s has not disclosed how many locations it will shutter (Fast Company has reached out for confirmation), it is part of a larger restructuring effort, according to executive chairman Ed Stack who spoke with CNBC.

Dick’s acquired leading footwear and apparel retailer Foot Locker for $2.5 billion back in September, according to its latest earnings release. As of November 1, the company was operating 3,230 store locations across the combined Dick’s and Foot Locker businesses globally.

Shares in the Pittsburgh-based sports retailer were up about 1% at the time of this writing by late afternoon on Tuesday.

“[Dick

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