Foot Locker Will Close 400+ Mall Stores, Open New "Concept Stores" In Their Place

Foot Locker is looking to re-energize its business by closing up to 420 underperforming mall stores and opening up to 300 "concept stores" by 2026. Part of the company's new "Lace Up" business plan, the news was announced by Foot Inc. CEO Mary Dillon in an investor day event today, March 17, 2023. Per a report from Business Insider, Foot Locker's "concept stores" will be free-standing stores that fall into one of three categories: "community" stores "power stores" and "house of play" stores. The...