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Foot Locker to Open Times Square Super Store

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Foot Locker has inked a deal for a prime Manhattan retail space. The sneaker giant signed a lease for a 36,000-square-foot super store in Times Square.

The location, 1460 Broadway at West 41st Street, which has been re-branded as 8 Times Square, has leased all three shopping levels to be occupied by the retailer just in time for the 2016 holiday shopping season.

The building, co-owned by Himmel + Meringoff and The Swig Co., currently houses Starbucks, Chop’t and Godiva Chocolate, whose leases expire on Dec. 31, according to the New York Post.

The asking rent for the space complete with the 4,500-square-foot LED exterior screen, totals $12 million a year. However, it is unclear how much Foot Locker will actually pay. The new store will also be home to a 35-foot-high, all-glass facade designed by MdeAS Architects.

According to the New York Post, the brand has also renewed the lease for its nearby Herald Square location, a 34,000-square-foot store. The two stores are within walking distance, doubling the chance for sneakerheads to nab the latest release.

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