Foot Locker, the sneaker retailer, announced it will close more than 100 stores. The news comes after the company agreed to a $2.4 billion merger proposal with Dick’s Sporting Goods. Here’s when the closures will take place and everything we know so far.
When will Foot Locker stores close?
According to the company, the store closures are scheduled for the end of 2025.
Which Foot Locker stores will close in 2025?
So far, the retailer has not disclosed which stores will be affected, but it is expected to release this information in the coming months.
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Why is Foot Locker closing stores?
According to Mike Baughn, Chief Financial Officer of Foot Locker, the closures are related to market and consumer uncertainty. The brand’s store count is expected to decrease by approximately 4% this year, which equals about 110 locations.
Foot Locker to renovate 300 stores in 2025
Despite the planned closures, the company intends to open around 20 new stores within a year. It will also renovate 300 existing locations this year. These updated stores will feature a new facade and décor, along with a wider variety of footwear and accessories. Key upgrades include:
- Immersive shopping experience: Makes it easier for customers to browse and explore products.
- New releases: Customers will find the latest sneakers in one place.
- Engaging displays: Shoppers can quickly understand each brand’s features and benefits.
- Community area: Designed for trying on sneakers and fostering customer connection.
- Sneaker Hub: Personalized services and features.
- Advanced technology: Enhanced digital tools for greater real-time inventory visibility.
History of Foot Locker
George Romanta Kinney was the visionary behind the creation of one of the most influential footwear brands in the world. In 1894, he revolutionized the U.S. market by offering quality shoes at affordable prices, quickly attracting the attention of the working class. In a short time, his company, then known as Kinney Shoe Corporation, expanded rapidly across the country.
The company’s success was based on a simple yet powerful idea: affordable, well-made shoes for everyone. This business model caught the attention of F. W. Woolworth Co., the leading clothing retail chain in the U.S. at the time. In 1963, Woolworth acquired 100% of Kinney Shoe Corporation, marking a turning point in its growth.
The acquisition fueled ambitious international expansion. Thanks to Woolworth’s global network, the brand established a presence in key markets such as the United States, Canada, Mexico, and Spain. In the following years, the group incorporated several specialized footwear chains, consolidating its influence in the retail industry.
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In 1974, the company officially adopted a new name: Foot Locker. The first store, opened in California, marked the beginning of a new chapter. Its focus on personalized service, a wide product selection, and competitive pricing laid the foundation for a business model that would be successfully replicated in other locations.
Today, the company has established itself as a global leader in athletic footwear and apparel. It operates approximately 2,400 stores in more than 20 countries, including North America, Europe, Asia, Australia, and New Zealand, along with licensed stores in Europe, the Middle East, and Asia.
What brands does Foot Locker own?
The company has a strong portfolio of brands, including:
- Foot Locker
- Kids Foot Locker
- Champs Sports
- WSS
- Atmos
