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Dicks Sporting Goods said it is restructuring the newly acquired Foot Locker business by closing underperforming stores, reducing excess inventory, and realigning assets. The company expects $500-$750 million in future pre-tax charges tied to these actions and ongoing merger costs. Dicks bought Foot Locker in September for $2.4 billion.
short by / 07:02 pm on 25 Nov
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