Major Shoe Retailer With Many PA Locations to Close 400 Stores by 2026

Big news for sneaker fans and shoppers in Pennsylvania and surrounding states.

Foot Locker is planning to close 400 stores by 2026, according to ABC News.

The closures are part of a major business overhaul.

The company recently announced its future plans during its Investor Day.

They will move forward focusing on reshaping its brand so it can continue to grow.

Foot Locker says it will be closing several of its underperforming locations

Many of those lagging stores are in shopping malls, the article says.

They'll be investing in upgrading its standalone stores with fresh new concepts.

Get our free mobile app

Mary Dillon, Foot Locker's president and CEO, explained that the company plans to simplify its operations and invest in key areas that will help the brand grow in the years to come.

"Our goal is to position Foot Locker for success in 2024 and beyond," Dillon said.

One cool part of this transformation is the launch of Foot Locker's new brand called "Lace Up."

This program hopes to attract sneaker fans by focusing more on sneakers and all things footwear.

Foot Locker is celebrating its 50th anniversary. I hope it sticks around for a long time.

As part of the company's improvement plan, they plan to close 10% of its stores by 2026, leaving them with around 2,400 stores.

They didn't reveal which locations would be closing.

This is a major change for the company, as it works to roll with the different ways we all shop now.

READ MORE:  Major Changes Coming to McDonald's in 2025

I can't wait to see how Foot Locker evolves over the next few years.

I'll let you know when I find out which locations are closing.

For more information, click here.