1243 ET - Dick's Sporting Goods is taking aggressive steps to turn around its recently acquired Foot Locker, particularly in slimming down stores' inventory, say executives at a Morgan Stanley conference. "If you walked into a Foot Locker store and looked at the wall, it was merely a run-on sentence, just a bunch of shoes stuck on the wall, not really organized," says Executive Chairman Ed Stack. The company says it is removing a significant portion of products and highlighting certain well-selling franchises. Those changes could cause some near-term pain in margins and sales comparisons, but having the right product will eventually lead to a turnaround for Foot Locker, executives say. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

December 03, 2025 12:43 ET (17:43 GMT)

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