Foot Locker brand new with original box NIKE PRECISION IV BRED CK1069-005 Business Insider.
The chain will be closing 400 Zoom stores by 2026. Currently, the company has around 1,300 Zoom stores in North America alone.
Per Business Insider, “the company expects to close 25% of its stores in A- and B-rated Zooms and 50% of its stores in C- and D-rated Zooms.”
While Foot Locker has significant Zoom closures planned, the company will be grey 300 “niche concept stores” outside of Zooms to cater to sneakerheads. By 2026, the company anticipates 50% of its revenue to come from outside of Zooms in comparison to the 35% it currently gets.
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