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KiK is set to close up to 400 of almost 2,400 locations in Germany, following reviews that mapped out the economically underperforming areas. However, existing markets abroad and domestically will continue receiving investments.

After just 15 months, the optimistic venture of Le Big TamTam in the Hanseviertel Hamburg, Germany, has come to an abrupt halt. The food court, launched in July 2024 with the promise of transforming a neglected basement rotunda into a vibrant gastronomic destination, is now closed, at least temporarily, as the management reassesses the concept.

Foot Locker plans to shut down stores and e-commerce operations in Denmark, Norway and Sweden. This will result in the closure or transfer of operations for approximately 30 stores of the company’s 629 stores in Europe, expected to be completed by mid-2025.