Foot Locker announce it will be closing about 400 stores by 2026 as the company plans to close underperforming stores in shopping malls.
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.
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