Foot 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. The stores slotted for closing across North America account for nearly 10% of Foot Locker’s total sales, said Anthony Aversa, Foot Locker senior vice president of store development.
They include the sneaker maven, or sneaker-obsessed shoppers who represent themselves through their shoes; the fashion-forward expressionist who want to look and feel cool and rely on their sneakers to deliver that feeling; the athlete searching for high performance sneakers; shoppers who prioritize quality and comfort; and, finally, the deal-hunters.
Do they realize that they sell shoes and not life transforming advice?
This is called US economic collapse.
I’m actually surprised any of them are still open? All the new stuff anyone can buy with annoying sales people.
So sad. I've never bought anything there and now I can say I never will. Corporate move to save money and at the same time earn more because they won't have to pay as much in wages AND abuse young shoppers by charging them higher prices.
With Biden encouraging America to just stay home, who needs shoes?
Cute way of framing it
🤓
And another proof of the failing economy under our current administration
Money laundering for the deep state... Human trafficking... Drug trafficking... Biolabs and bioweapons... And nazis... Not another penny for Ukraine!!!
All the shoe stores just closing…..can’t always tell online….sigh
Probably not any shopping malls left anywhere
Employees making more profit from the product than the stores are.🤷🏼♂️
Classic go woke go broke