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were back with Richard Southern to chat about some of the days top business stories and we begin with a retail store that used to be in virtually every shopping mall Richard yes indeed Erica and now announcing plans it is to close a lot of stores were talking about Foot Locker the U.S based shoe retailer Foot Locker today says its going to close 400 of its stores over the next three years in what is of course another major blow to malls I mean how many big stores are exiting malls now Nordstrom uh here is Foot Locker the company says included in this closure will be 125 Champs Sports stores which will close this year Footlocker calling it a reset it comes in its softer earnings from the company Foot Locker says to get back on its feet no pun intended it plans to revitalize its relationship with Nike at one point Nike accounted for about 70 percent of Footlockers Revenue but Nike started more of a direct to Consumer strategy Footlocker also says itll roll out some New Concept stor