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.
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Best Sneakers Of The 2017-18 NBA Season [PHOTOS]
1. Ben Simmons1 of 12
2. Jeff Green2 of 12
3. D’Angelo Russell3 of 12
4. Kristaps Porzingis4 of 12
5. Gordon Hayward5 of 12
6. Kyrie Irving6 of 12
7. LeBron James7 of 12
8. Draymond Green8 of 12
9. Thabo Sefolosha9 of 12
10. Kyrie Irving10 of 12
11. Devin Booker11 of 12
12. Josh Jackson12 of 12
Why Foot Locker Is Closing Multiple Stores In The U.S. was originally published on RickeySmileyMorningShow.com