Foot Locker is closing stores as Dick’s struggles with turnaround: See where locations shuttered in 2026

Are Dick’s Sporting Goods investors waiting for the other shoe to drop? Shares of the Pittsburgh-based retailer plummeted more than 30% yesterday after a second-quarter earnings report that wasn’t promising. Despite seeing a 53% increase in consolidated net sales, the company reported earnings per diluted share of only $3.50, compared to last year’s $4.71. The number falls short of Wall Street’s $3.76 prediction, as cited by CNBC. Dick’s says it has initiated a review of unproductive assets, hoping to optimize inventory, close underperforming stores, and re-evaluate assets that don’t align with the company’s mission. A key component keeping the company down was its 2025 acquisition of Foot Locker, the footwear retail chain. Dick’s released a revised outlook and lowered operating income projections as it continues with a Foot Locker turnaround effort in the third quarter. Dick’s performed well, but expectations have changed Dick’s reported $5.59 billion quarterly profit and 4.9% comparable sales growth driven by strong results from the FIFA World Cup. The company continues to expect projected full-year comp sales growth in the 2.5%-4% range. But Dick’s lowered its overall net sales…