WASHINGTON — Dick’s Sporting Goods plans to close a number of Foot Locker stores as it begins restructuring the sneaker retailer following its $2.4 billion acquisition earlier this year.

The company confirmed the closures during its third-quarter earnings report on Nov. 25. Executives said the company has identified underperforming stores that may close, along with inventory that will be marked down and liquidated, but did not specify how many stores will close or where the closures will be located.

“We need to clean out the garage of underperforming assets,” executive chairman Ed Stack told investors. “This means clearing out unproductive inventory, closing underperforming stores, and right-sizing assets that don’t align with our go-forward vision for the Foot Locker business.”

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