US footwear retailer Foot Locker will withdraw from Hong Kong and Macau while letting its distributor in Indonesia and the Philippines, MAP Active, take over its operations in Singapore and Malaysia
The footwear giant says the move, part of its efforts to “simplify its business model and focus on core banners and regions, will further grow its presence in Southeast Asia.
Foot Locker entered the Philippines late last year, opening one of the biggest stores in Asia at Makati City’s Glorietta shopping mall. The brand was reportedly in talks with footwear company Metro Brands to expand into India.
Foot Locker will continue to operate stores in South Korea.
As of January 28, Foot Locker operated 2714 stores in 29 markets and had 159 franchised stores in the Middle East and Asia.
Foot Locker will shut more than 400 underperforming stores in the US as part of a “reset” strategy. It had closed 101 stores during the fourth quarter of last year.
Foot Locker’s sales were down by 0.3 percent on year to $2.334 billion during the fourth quarter. The company expects to increase its annual turnover by $1 billion to $9.5 billion by 2026.


The American mass exodus to Canada amid Trump 2.0 has yet to materialize
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated
Debate over H-1B visas shines spotlight on US tech worker shortages
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge
Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand
Trump Signs Executive Order Targeting Big-Money College Athlete Payouts 



