Foot Locker will be closing about 400 stores by 2026, the company announced.
The recognizable retail brand will be having a smaller footprint in some shopping malls, as it plans to close underperforming stores.
The company wants to reimagine its brand and become more relevant to younger shoppers, especially "sneakerheads".The company says its new store and marketing concept is called "lace up," which will focus on different types of sneaker shoppers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foot Locker is closing 400 stores by 2026 | CNN BusinessFoot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching its retail brands, introducing 'experiential' new store concepts and simplifying its operations by closing underperforming mall-based stores.
Read more »
Foot Locker to close 400 stores by 2026Foot Locker's decision to shut down 400 retail locations follows sales declining 0.3% in the fourth quarter of 2022, and is part of the company's new 'Lace Up' business strategy.
Read more »
Inside Foot Locker’s Plan to Reach $9.5 Billion in Sales by 2026Foot Locker shares got a lift in pre-market trading after the retailer revealed a strong fourth-quarter performance and teased its long-term strategic plan.
Read more »
Foot Locker to close hundreds of stores by 2026The footwear retailer is looking to close mall locations specifically
Read more »
Foot Locker to close 400 under-performing stores and 125 Champs SportsThe company also plans to open new hundreds of new concept stores.
Read more »
Foot Locker plans to close more than 400 mall-based storesFoot Locker to close 400 mall stores as it shifts focus to niche shops for sneakerheads, kids, and higher-income shoppers
Read more »