US footwear and apparel retailer Foot Locker anticipates a net loss of $363m in its preliminary first-quarter results for fiscal 2025, a stark contrast to the $8m net income reported in the same period of the previous year.

Foot Locker owns Kids Foot Locker, Champs Sports, WSS, and atmos, and has 2,400 stores in 20 countries, including North America, Europe, and Asia.

Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company in as