Foot Locker upsizes store at St Anns Shopping Centre

Pension managers Railpen has announced that global sneaker and apparel retailer Foot Locker has signed at St Anns Shopping Centre for its new Harrow flagship in an effort to boost sales.

Foot Locker is upsizing to a 4,100 sq ft unit located adjacent to the main entrance of St Anns Shopping Centre.

Set to open in Spring 2024, the new Foot Locker will span across two floors, showcasing a range of its footwear and sportswear collections. The retailer is partnering with brands such as Nike, New Balance and Adidas.

Neil Carter, Vice President Geo UK & Ireland at Foot Locker, commented: "St Anns Shopping Centre has provided us with a fantastic opportunity to create a larger and more prominent store in a key catchment area. It allows us to stock even more of our exclusive ranges that our customers know and love, and sit amongst many other like-minded, leading brands."

Foot Locker will join a number of recently opened retail brands at the centre, such as MINISO, the design-led lifestyle brand for all the family. The opening reinforces the shopping centre’s position as the prime retail destination in Harrow and surrounding catchment areas.

Maria Averkina, Asset & Development Manager at Railpen, added: "The relocation and upsize of Foot Locker is a great way to start the year. As a popular brand with a positive reputation, Foot Locker will be a great addition to the scheme, and one that will fit seamlessly alongside our other tenants.

"Our vision is to continue diversifying the destination’s line up, and the signing of this international brand confidently reaffirms St Anns strong, strategic offering for brands targeting Greater London’s desireable catchment area."

This announcement comes in the wake of Foot Locker's fiscal year 2022 results, which were published last month. The report revealed a drop in profits in the fourth quarter of the fiscal year with sales dipping by 0.3% to $2.33 billion, compared with sales of $2.34 billion.

Despite the recent investment in brick-and-mortar, the business warned that FY23 sales are expected to be down by between 3.5% to 5.5% year-on-year.