Dick’s begins Foot Locker layoffs as integration continues
Dick’s Sporting Goods has begun layoffs within Foot Locker as it integrates the business following its $2.5 billion (€2.3 billion) acquisition.
The job cuts, which started in late March, were expected, with industry advisor Matt Powell of Spurwink River noting that redundancies are common in areas such as HR and sourcing after mergers. He said integration has so far progressed better than anticipated.
Some employees have also been asked to return to offices in New York or Florida, including roles linked to Champs Sports, while others may need to relocate. The number of affected staff has not been disclosed.
Dick’s expects Foot Locker to return to growth in 2026, with comparable sales rising by 1 percent to 3 percent and operating income of $100 million to $150 million (€92 million to €138 million).
