Retail Revolution

The coronavirus is accelerating Foot Locker’s plans to move its stores out of malls

Foot Locker has long been a staple of the mall, with an estimated 80% of its stores being located in malls as of 2018. Now, the coronavirus is accelerating those plans, CEO Dick Johnson said during the company's first quarter earnings call. The sneaker retailer has had to rethink its physical retail strategy over the past couple of years, not only to lessen its reliance on malls, but also to give its customers new reasons to visit the store.

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Modern Retail+ Talks: How to Find Customers Where They Are
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Exclusively for Modern Retail+ members: Hear from Hugh Thomas, Co-founder & CEO at Ugly Drinks, on how to find customers where they are.