Struggling Foot Locker finds new life with a surprising buyer
The iconic sneaker chain is getting a shot at redemption
Foot Locker ( (FL) ) used to be as soon as the coronary heart of sneaker culture — a space where new drops sparked lines around the block and buyers may count on skilled assist from its iconic “Stripers.”
However in present years, the joy has susceptible. Foot Locker has been closing stores, facing declining foot internet site visitors, and struggling to defend associated in an trade increasingly more dominated by digital avid gamers and convey-to-particular person brands.
Connected: Nike, opponents sound dread on looming possibility
In an period when Nike has pulled some distance from wholesale partners and Gen Z shops sneaker drops on StockX and TikTok, Foot Locker’s position has regarded an increasing number of unclear.
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