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Foot Locker to open shops, webstore in Indonesia
The sports and leisure subsidiary of Indonesian retail giant MAP plans to open the first two stores of New York-based footwear retailer Foot Locker in Indonesia in the fourth quarter of the year, under an exclusive licensing agreement.
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New York-based athletic retailer Foot Locker is to open itwo brick-and-mortar stores as well as a webstore in Indonesia in the fourth quarter of 2021. (Shutterstock/File)
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ports and leisure retailer PT Map Aktif Adiperkasa (MAP Active), which trades on the Indonesia Stock Exchange as MAPA, has signed an exclusive licensing agreement with New York-based Foot Locker to open the brand’s first stores in Indonesia.
Foot Locker announced on Friday that it planned to open two shops and a local webstore in Indonesia in the fourth quarter of this year and more stores in 2022. Entering the Indonesian market was part of the company’s plan to expand its Southeast Asian operations.
“Foot Locker is committed to creating unrivalled customer experiences around the globe. Partnering with MAPA will help us deliver on that commitment in an incredibly important market with long-term growth potential,” Scott Martin, Asia Pacific executive vice president and CEO at Foot Locker, said in a press statement.
The company says it has around 2,900 retail stores in 27 countries across North America, Asia, Australia, Europe and New Zealand.
Meanwhile, MAP Active operates more than 1,300 retail stores in Indonesia, Thailand, the Philippines and Vietnam across three business segments, namely sports, leisure and kids.
A subsidiary of lifestyle retailer PT Mitra Adi Perkasa (MAP), MAP Active manages a range of international brands, including footwear brands Converse, Dr. Martens, New Balance and Skechers.
“We have been striving to partner with outstanding global retailers that can complement our goals to maximize the growth potential of brands”, said Virendra Prakash Sharma, CEO at MAP Group.
“Foot Locker’s iconic status at the center of sneaker and youth culture is unprecedented, and we are sure its omni-channel retail model will add another dimension for Indonesian malls and consumers,” Sharma added.
Read also: Subway to open in Greater Jakarta in Q4
Another MAP subsidiary, PT Sari Sandwich Indonesia, recently announced that it had signed an exclusive franchising agreement with popular American sandwich chain Subway.
Subway is to open shop in Greater Jakarta, also in the fourth quarter of this year, marking the chain’s return to the Indonesian market after pulling out in the early 2000s.
