Almost a year after taking over Foot Locker, the US parent company Dick’s Sporting Goods has initiated the first layoffs at the sporting goods retailer, according to a media report. The news was confirmed to the trade magazine Footwear News by unnamed sources. FashionUnited has reached out to Dick’s for comment.
Some employees were reportedly asked to “return to the office” this week at Foot Locker’s New York headquarters or in Florida at Champs Sports. Others were therefore asked to move. However, the number of those affected is currently unknown.
Matt Powell, a consultant at Spurwink River, told Footwear News that as with most mergers and acquisitions, layoffs were expected. This particularly applies to the back-of-house area. However, he noted that the integration of Foot Locker into the Dick’s business has gone “better than expected.”
Dick’s advanced its acquisition of Foot Locker last year. This was a new foray into international waters for the US retailer. At the same time, the ailing shoe specialist, struggling with mounting losses, found a new home.
At the time of the acquisition, Dick’s said it recognized opportunities to align the strengths of the two brands. The aim is to take advantage of the different retail formats, global reach and existing brand partnerships.
In Dick’s Sporting Goods’ 2025 annual report, CEO Edward Stack said the recent pilot of a simplified merchandising concept at 11 Foot Locker stores was successful. This led to the planned launch in 250 additional locations in the US and Europe later this year.
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