Foot Locker to close 400 stores within 3 years – NBC Chicago
Global footwear retailer Foot Locker has announced plans to close 400 stores by 2026, in a bid to expand its customer base and simplify operations, according to CNN.
The 400 stores set to close are all located in North America and currently account for about 10% of Foot Locker’s total sales, according to CNN’s report.
In addition to Foot Locker stores, Kids Footlocker, Champs Sports, WSS and atmos stores are also operated under the company’s brand.
According to CNN, 125 underperforming Champs Sports stores are among the upcoming closures, which are expected to close by the end of this year.
Company officials expect the company to operate about 2,400 stores worldwide in 2026, after planned closures, according to CNN.
According to the Foot Locker website, there are currently 39 stores operated under the Foot Locker brand in Illinois, with 18 in-state locations in Chicago.
It is currently unknown if and/or when any Chicago area stores operated by Foot Locker are expected to close.