Foot Locker, in a regulatory filing, announced that Andrew Gray, EVP, Global Lockers and Champs Sports, had left the company, effective January 23. The company decided to wind down its Sidestep banner in Europe and eliminate some corporate and support roles.
Foot Locker said the Sidestep winddown is “consistent with the company’s broader efforts to focus on its core and growth banners.”
The elimination of jobs is “part of streamlining the organization and enhancing operational efficiency.” As a result of these role eliminations, the company expects to realize cost savings of approximately $18 million on an annualized basis beginning in fiscal 2023.
Gray had been with Foot Locker since 2001. His past roles include EVP and global chief commercial officer, and GM and chief merchandising officer, North America.
The job cuts come as Foot Locker enters 2023 with executive shakeups. The retailer tapped Mary Dillon as CEO over the summer, replacing Dick Johnson. In November, CFO Andrew Page announced he would step down as CMO following Footlocker’s fourth quarter 2022 earnings report to pursue other opportunities. And Jed Berger left in September to join Kenneth Cole as president.
