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Foot Locker to open its biggest Central European store in Prague

Foot Locker to open its biggest Central European store in Prague

Prague, 24 January 2017 – Foot Locker, the international leisure shoes and clothes retailer, will open its biggest store in Central Europe in the middle of the year. The shop with almost 1 500 sq m will take up five floors in Euro Palace on Wenceslas Square. Cushman & Wakefield has facilitated the lease of the space and is also in charge of project management for the retail unit construction.

Foot Locker’s new flagship store will replace the Promod fashion chain and an casino in Euro Palace. The space of the shop will be three times larger than usual with Foot Locker shops. The shop display area is almost 600 m2.

“The centre of Prague has been profiling itself as the most attractive retail location in Central and Eastern Europe for a long time. This is evidenced by the constantly increasing demand among international brands for Prague high street locations Na Příkopě, Pařížská and Wenceslas Square, which should undergo extensive revitalisation in the years to come,” says Jan Kotrbáček, Partner and Head of Retail Agency for Central Europe at Cushman & Wakefield. “Shops in the centre of Prague benefit from the footfall and from their position, which allows brands to visibly present their own identities,” Mr Kotrbáček adds.

“We consider Prague to be the key location in the Central European region. The local market is stable and tourism has long been on the rise,” says Martin Macháč, Director of Real Estate at Foot Locker Europe. “Our flagship store will offer the broadest range of goods including the collections created exclusively for the Foot Locker brand,” Mr Macháč adds.

The Foot Locker brand was founded in 1974. It has more than 800 shops across Europe and more than 3 000 worldwide. The majority of its available product range is made for exclusive sales in Foot Locker shops. Foot Locker offers its customers goods by brands such as Nike, Adidas, Lacoste and Puma.