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Article Date: January 2023
Word Count: 262

Foot Locker Will Wind Down Sidestep, Cut Costs


The fashion-forward footwear banner had been underperforming, and FL was reviewing strategic options for Sidestep, which operated 86 doors in Germany, Netherlands, Spain, Belgium, Luxembourg, and Switzerland at the end of last fiscal year. Now Big Foot has decided to shutter Sidestep as part of its efforts to focus on core and growth banners, it revealed in an SEC filing. FL never broke out specific sales or operating income for Sidestep, but comp store sales had wide swings over the past three years due to Covid restrictions and lower traffic.

 

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