With its existing chains, Foot Locker plans to open 100 newstores this year, to close 100 to 150, and renovate and relocate200 to 300 units, numbers in line with last year. During the nextthree years, the retailer forecasts 150 closures and 250 to 350remodels and relocations annually, Serra says.
Most of the openings this year will occur through the FootLocker and Champs Sports chains. Of the 100, 75 will occur in theUS. Additionally, the company plans to open 70 units in its newchain, Footquarters, which targets families at a lower pricepoint.
Store openings will likely take place in open-air shoppingcenters, Serra says, noting that malls have faced falling trafficin the past two years. "I don't believe that in the US we can havetoo many more stores in the malls," he says.
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