Facing Nike ‘softness,’ Foot Locker sales fall 1.4%

Quick Summary:

CEO Mary Dillon said the retailer has made progress on its strategy, but was hurt by a more cautious consumer.

Promotions are just one of the short-term pressures impacting Foot Locker’s results, which were also hit by some softness at Nike, Chief Commercial Officer Frank Bracken said.

Foot Locker unveiled a reimagined "Home Court" store in partnership with Nike in New York City on Aug.21, 2024.

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Article Details

Author / Journalist: Cara Salpini

Category: EconomyBusiness

Markets: United States

Topics: Nikic Techtarget Sales Shoppers Saunders Locker’s Nike Registered Year Locker Foot

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 12:59:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 572 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24123765

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News Last Updated: 21 hours ago

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