The sneaker industry is forever changing, with the scene evolving day to day. But with that come a lot of challenges. Companies handle these changes in many different ways, from closing stores to launching new ones! And it seems like Foot Locker is making some drastic changes to keep up with the times. One of these changes is the decision to close Champs Sports stores in mass! So, how did this decision go for the retailer? Let’s find out together, shall we?
So… Champs Sports Stores Closed & Some Moves Are In Store
Okay, let’s throw it back to 2023 peeps. Remember when we talked about Foot Locker’s decision to close lots of its stores? Well, it’s not just a decision anymore because it became a reality! You see, FL is the parent company of Champs Sports, and the company decided to close 125 branches. That is in addition to the other 275 stores that it is closing too.
So, the total number of store closings will reach 400 by 2026. Now, this might sound like a drastic measure, but according to FL, these were underperforming stores. So technically, there isn’t much to keep, especially when the alternative is pretty interesting!
Foot Locker’s Grand Plans for the Future!
As one of the leading retailers on the market, people wondered why Foot Locker was going through all these closures. Well, that’s because bigger and better things are in store for us! (Pun intended.) The company wants to catch up with the times and the industry, and that’s a solid decision. Especially since retailers who failed to do so ended up closing for good or operating at losses. It seems like Foot Locker closed these Champs Sports stores and more to make room for bigger projects. You see, the company wants to open “experiential” standalone stores.
This is a move to expand as well as attract more customers. However, the target demographic seems to be the younger generation! And according to recent news, the retailer classified new sections for athletes, fashion-forward enthusiasts, as well as collectors. Now, whichever category you fall in, you’ll need a sneaker bot to support you. And NSB is one of the best when it comes to Footsites drops! So, get your copy today to kick ass when the retailer expands and drops the hottest kicks. Godspeed!
