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

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Retail Dive 3d ago

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

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.