{"id":1200976,"date":"2023-03-20T14:55:39","date_gmt":"2023-03-20T19:55:39","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=1200976"},"modified":"2023-03-20T20:23:00","modified_gmt":"2023-03-21T01:23:00","slug":"foot-locker-closes-400-mall-stores-by-2026","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/foot-locker-closes-400-mall-stores-by-2026\/","title":{"rendered":"Foot Locker Plans to Close 400 Mall Stores by 2026"},"content":{"rendered":"\n

Foot Locker<\/a> is scaling back on its mall presence, according to Business Insider<\/a><\/em>.<\/p>\n\n\n\n

The chain will be closing 400 mall stores by 2026. Currently, the company has around 1,300 mall stores in North America alone. <\/p>\n\n\n\n

Per Business Insider<\/em>, “the company expects to close 25% of its stores in A- and B-rated malls and 50% of its stores in C- and D-rated malls.”<\/p>\n\n\n\n

While Foot Locker has significant mall closures planned, the company will be opening 300 “niche concept stores” outside of malls to cater to sneakerheads. By 2026, the company anticipates 50% of its revenue to come from outside of malls in comparison to the 35% it currently gets.<\/p>\n\n\n\n

Stay tuned to Snkrs Day<\/a> on Instagram for more news and sneaker release dates. <\/p>\n\n\n

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A post shared by Snkrs Day (@snkrsday)<\/a><\/p>\n<\/div>\n<\/blockquote>\n