The present invention provides a wraparound lacing system for use with footwear. The lacing system includes a lace which encircles the housing of the article of footwear in a spiral, helical, coiled or similar wound wraparound pattern. The housing includes finger members which independently adjust to the contours of the wearer's foot while providing a snug and secure fit. The housing of the upper and the midsole includes channels therein which receive the wraparound lace. The lace can be affixed at one or both ends to the midsole or to the upper. Removable lace end keepers on the upper permit the user to adjust the length of the lace. Recessed cavities may be positioned along the lacing channels to promote easy adjustment of the lace. The lace may run along channels formed between fingers and an overlying shell structure. The lace may run through a tube structure within the channels.