The Retail Reaper Strikes Back. Is Foot Locker a Goner in Lubbock?
Looks like there's bad news for another retailer. What's odd here is that they had an incredible holiday season.
This time, Foot Locker is set to shutter 165 under-performing stores this year despite a strong start to 2019 and end of 2018.
From Fox Business:
But at Foot Locker, upgrades to its existing brick-and-mortar locations and a diverse product line helped spur a 9.7 percent growth in same-store sales, double what experts were predicting for the three months through Feb. 2.
I'm confused. If Foot Locker had a great year, why close stores? Who knows but Foot Locker.
The closing list has not been released, and no one in the mall location has anything. So as always, it's business as usual until you hear otherwise.