An athletic retailer is planning more store closures.
The retailer plans to close the doors of approximately 110 stores this year, mostly under-performing locations, according to Business Insider.
In addition, the company will open about 40 new, high-profile stores.
The closures will enable Foot Locker to reduce its exposure in
“deteriorating” malls. Meanwhile, the new stores will help the company
to rebuild its business and win back customers, the report added.. . . more