shoe drawer dominates the traditional footwear category as the world’s largest footwear retailer. Its 2,900 stores worldwide span multiple brands, including Lady Foot Locker, Kids Foot Locker and Champs Sports.
However, since 2015, digital sneaker retailers have grown rapidly with the establishment of online marketplaces like StockX and GOAT. New physical streetwear stores such as Flight Club and Stadium Goods have also entered the market.
The sneaker business saw unprecedented growth in 2020 and is expected to reach $120 billion by 2026, according to research firm Statista. Cowen and Company this year called sneakers an “alternative asset class.” But sneaker bots have wreaked havoc on the industry, posing an additional challenge to Foot Locker’s business.
Watch the video above to learn more about the Foot Locker business.