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.


Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict
How to support someone who is grieving: five research-backed strategies
Trump to Host UFC Event at White House on His 80th Birthday
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown
Disaster or digital spectacle? The dangers of using floods to create social media content
From Messi to Mika Häkkinen: how top athletes can slow down time
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding?
AI is driving down the price of knowledge – universities have to rethink what they offer
Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push
Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts
Can your cat recognise you by scent? New study shows it’s likely
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 



