The Weekly Closeout: Walmart to invest $1.3B in Chile and what Nike’s stumble means for Foot Locker

Quick Summary:

The big-box retailer’s plans include 70 new stores across Chile, while the sportswear giant’s DTC about-face could be a boon to Foot Locker.

The first Toys R Us and Babies R Us flagship stores will open in Panama next year, with more stand-alone stores to soon follow across the region, according to a press release.

Foot Locker itself has been going through a host of challenges under its turnaround strategy, including from Nike’s pullback a few years ago, but sales fell just 1.4% in its latest quarter.

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Article Details

Category: EconomyBusiness

Markets: United StatesChilePanama

Topics: Center Retail Stores Locker Guitar Years Walmart Foot Week Chile Toys

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 12:39:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 1346 words

Reading Time: 8 minutes read

Sentences: 53 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Retail Dive

News ID: 24575032

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