Nike products

Foot Locker prepares to remove Nike products from shelves

If you haven’t noticed, Nike products are getting harder and harder to find in stores.

The famous sportswear and sneaker company has cut ties with some of the biggest shoe retailers in the country.

Now Foot lockeranother popular footwear retailer, is preparing to pull Nike products from its shelves.

Foot locker announced last week no supplier is expected to account for more than 60% of its business in 2022. Nike accounted for 70% of Foot Locker’s business in 2021 and 75% in 2020.

“This change reflects Nike’s accelerated strategic shift towards direct-to-consumer and Foot Locker’s ongoing brand and category diversification efforts,” Foot Locker chief financial officer Andrew Page told a conference call. telephone.

Foot Locker will build on existing relationships with brands like New Balance, Puma and Crocodile to fill the void.

Nike wants to offer its customers a “premium experience” taking more of a direct-to-consumer business approach. The company plans to appoint certain stores or sections of storesonly for Nike products.

Nike has yet to announce what action it will take at retailers like Dick Sporting Goods and Finishing line.

Previously, Nike removed products from Dillard’s, Macy’s, Urban outfitters, Olympia Sports, Shoe fair and Zappos— and more recently DSW stores.

There is currently 34 Foot Locker stores throughout New Jersey and over 2,900 at national scale.

RELATED STORIES ON RETAIL AND SHOPPING:

Chick-fil-A follows NJ’s recent opening with another

Wawa opens another NJ store, 3 more on the way

Popular NJ pizzeria announces closure

Our journalism needs your support. Please subscribe today to NJ.com

Christopher Burch can be reached at cburch@njadvancemedia.com. Follow him on Twitter: @ChrisBurch856. To find NJ.com on Facebook. Do you have any advice? Tell us. nj.com/tips