Foot Locker, the US-based footwear retailer, is undergoing a transformation in Asia as it looks to simplify its business model and focus on core regions and banners. As part of this, Foot Locker will be closing both its eCommerce and brick-and-mortar stores in Hong Kong and Macau, while converting all of its current owned and self-operated stores and eCommerce in Singapore and Malaysia to a license model.
Foot Locker's fourth quarter 2022 results revealed that the company is taking a series of actions to streamline its business model and focus on core regions and banners. The closure of stores in Hong Kong and Macau is part of this strategy. Meanwhile, the company will convert its operations in Singapore and Malaysia to a license model, with…
