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Foot Locker is closing hundreds of underperforming stores located in shopping malls.
Over 400 Foot Lockers are expected to shut down by 2026. The closures are a reset, and the chain will open around 300 freestanding stores for true sneakerheads.
Three new concepts will open. A "community" store will be designed for people "strong affinity for sneakers." "Power Stores" will provide an "elevated experience" for buyers, and the "house of play" stores will focus on kids' gear. [Read More]