A major sportswear retailer is reshaping its store footprint as it integrates a recently acquired business, and the results suggest the strategy is coming at a much higher price than the company and investors expected.
The retailer has been closing locations, reviewing underperforming **** ets, and taking hundreds of millions of dollars in related charges. Now, a sharp earnings miss and a lowered outlook have sent its stock tumbling in one of the most dramatic trading sessions in its history.
Founded in 1948, **** 's Sporting Goods is one of the largest sports-goods retailers in the U.S., selling sports equipment, clothing, and footwear through a portfolio of brands and retail concepts.
The company operates under multiple banners, including **** 's Sporting Goods, Golf Galaxy, Public Lands, Going Going Gone!, **** 's House of Sport, Golf Galaxy Performance Center, Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. It also operates GameChanger, a sports technology platform.
Dick's Sporting Goods (DKS) has closed 113 stores across its portfolio during fiscal 2026 through the second quarter, according to the company's second-quarter earnings release.

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