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Tech News
Dick's Sporting Goods is closing more Foot Locker stores in 2026 as part of an ongoing effort to shrink that chain's retail footprint. The company's stock dropped sharply after it issued a revised financial outlook, signaling that its turnaround plan for Foot Locker is behind expectations.
Dick's Sporting Goods shares dropped 15% pre-market after the retailer missed second-quarter earnings expectations and cut its full-year outlook for Foot Locker, whose comparable sales fell 3.6%. Meanwhile, Nvidia announced its Groq 3 LPX rack is entering full production later this year, the first commercial payoff from its $20 billion Groq acquisition, even as its stock posted a seventh straight day of losses ahead of Wednesday's earnings report.