Why Foot Locker Is Closing Multiple Stores In The U.S.
Source: SOPA Images / Getty
Foot Locker is one of the most famous sneaker stores, but will have to close 110 of its locations. This will take place this year as CFO Lauren Peters mentioned “under-productive stores” have to be closed. High Snobiety mentioned Foot Locker had 94 new locations open, but had a lack of customers.
CEO Richard Johnson said, “The disruption that has characterized the retail industry recently is not going away. Consumers want experiences, they want cool products, and they want it all — fast.” We will just have to wait and see what happens with these stores.
RELATED: Thieves Kill DC Teen For $220 Christmas Sneakers
RELATED: LeBron James Stands For “Equality” With Statement-Making Sneakers & Slams Trump
RELATED: Quavo Surprises High School Basketball Team With Custom LeBron James Sneakers [VIDEO]
The Latest:
- Rick Ross Hits Remy Ma With Cease & Desist Order Over Her New Movie Title 'The Biggest Boss'
- Real Hot Girl Pics: Megan Thee Broadway Baddie Gets Into Character For Her 'Moulin Rouge' Debut
- #LAMH's Destiny Payton Talks Her Family, Foster Care & THAT Tisha Tension—'I'm No Longer Explaining' [Exclusive]
- Fine AF Fridays! 20 Hawt Stars Whose Face Card Us Ready Vol. 19
- Fawn Weaver Fires Back — Inside The $100M Lawsuit Rocking Uncle Nearest
- Broadway Baddie! Megan Thee Stallion Makes History As Zidler In ‘Moulin Rouge!’— See The First Look
- Ebro Goes Off On DJ Akademiks, Labels Him An “Alcoholic Degenerate”
- Black Man Exonerated Of $550 Robbery After 19 Years In Prison
- “Worth It” — Until It’s Not: Trump Cult Split Over Rising Gas Prices
- The Gas Is Too High: What Triple Digit Oil Prices Mean For You
[ione_media_gallery id=”1834899″ overlay=”true”]
