THE shoe retailer Footaction was founded by the company Foot Locker.
In the Spring of 2021 many rumors began to circulate online that Footaction was closing its doors.
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Why do people think Footaction is closing for good?
Foot Locker Inc. released a statement on May 21, 2021, regarding their 2021 first-quarter results.
"The Company will close the majority of the remaining Footaction stores as leases expire over the next two years and believes this strategic decision will enable it to better serve its consumers in a post-COVID marketplace," the company wrote.
This decision came as Foot Locker makes efforts to "position its store fleet for the future."
Some shoe news outlets have released information on the store's status.
The account for Just Fresh Kicks tweeted: "Footaction will officially be closing (website + stores) on February 1st."
The tweet was posted on January 27, 2022.
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Just Fresh Kicks has over 160K followers on the app and says they post "Sneaker news, release dates, launch links, restock alerts & more. Also tracking consoles."
Best Life reported that the store would be closing back in May of 2021.
The outlet reported that the parent company Foot Locker announced that it would be closing the majority of its 231 Footaction stores over the next two years.
The Footaction stores would be closing as leases on the spaces expire, Best Life reported.
When was Footaction founded?
The shoe retailer was founded in 1976 by Charles Cristol.
Foot Locker was founded on September 12, 1974, in the City of Industry, California.
In 2004, Foot Locker acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million.
According to Investopedia, Foot Locker also owns three other brands including: Eastbay, Runners Point Group, and GOAT Group.
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What are people saying about Footaction?
Some people responded to Just Fresh Kicks' tweet on January 27 reacting to the news.
"they already took the footaction out of my mall," one user wrote.
Another chimed in that they too were also seeing their local stores shut down.
"Same they were closing some in Illinois," the other user wrote.
One other user tweeted that they noticed something was going on with the company for some time.
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"Notice they ain’t been launching the past couple releases so figured something Up," they wrote.
The Sun reached out to Foot Locker Inc. for comment and did not hear back at the time of publication.
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