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...Like its peer Dick’s Sporting Goods, which on Tuesday cut its profit forecast for the year, Foot Locker has also been grappling with a spike in retail thefts....
...Foot Locker on Wednesday cut its full-year outlook for gross margins to a range of 27.8 per cent to 28 per cent....
...Walmart raised its outlook, however, while Foot Locker, the shoe retailer, boasted of “strong momentum”, leading analysts to conclude that differing inventory positions may determine the season’s winners...
...Mary Dillon, chief executive of shoe retailer Foot Locker, said Hoka and On Running were two of its fastest-growing brands....
...In turn, this would encourage more people to set foot inside a store and spend — our research shows more than half would make extra purchases....
...In terms of foot traffic, it has also benefited as penny-pinching Americans pack its food aisles to stock up on cheaper goods....
...On is also sold in speciality stores (Runners Need, Achilles Heel), mainstream shops (Foot Locker, Bloomingdale’s) and fashion-forward retailers (Net-a-Porter, END)....
...On Wednesday, Foot Locker warned sales were soft partly because the end of the moratorium was curbing consumer spending. The shares dropped by a third in morning trading....
...RetailNext, another data company, reported a 2 per cent increase in foot traffic at stores on Black Friday....
...Results: Jack Daniel’s maker Brown Forman, Campbell Soup and sneaker seller Foot Locker and Thor Industries release earnings....
...During the most recent quarter, Nike said it saw higher foot traffic at some physical retail stores and slower demand in digital sales....
...Locker and Farfetch....
...Adidas and Nike remain heavily reliant on chains such as Foot Locker in US and Sports Direct in the UK, to push shoes: more than 60 per cent of Adidas’s sales come through such retailers, making it harder...
...Home Depot, Dollar Tree and Foot Locker have also warned that crime will hurt profitability....
...Sneaker retailer Foot Locker is also reporting before the bell. Canada retail sales: Canada is expected to report retail sales fell 1.4 per cent in March, after declining 0.2 per cent in February....
...It used to be if you wanted the latest pair of Jordans, you either needed to know your local mom-and-pop seller or queue for hours (often overnight) at chain stores like Foot Locker....
...DIY retailers such as Home Depot and dollar stores including Dollar Tree said shrink had cut their gross margins by several basis points in the first quarter, while Foot Locker was among several retailers...
...Roark Capital has found its hero in foot-long sandwiches. The private equity firm has struck a deal to buy Subway, the privately held US chain, following a months-long auction process....
...But Macy’s, Foot Locker and Nordstrom are trickier....
...On the other side of the street, much the same story was playing out at RH’s 90,000-square-foot furnishings flagship....
...Additional reporting by Kensaku Ihara and Peggy Ye A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...Foot Locker appointed the former head of salon chain Ulta Beauty as its new chief executive, making the sneaker seller the latest US retailer to announce leadership changes against a backdrop of slowing...
...As well as Fnac Darty, his retail portfolio includes stakes in German wholesaler Metro as well as US sneaker chain Foot Locker and UK grocer J Sainsbury....
...That echoed the view of Dick Johnson, chief executive of Foot Locker, which last week predicted a 320-330 basis point hit to its full-year margins as a result of having to sell its sneakers at a lower price...
...Economic data: Canada reports retail sales for March. Earnings: Agricultural equipment manufacturer Deere and sneaker retailer Foot Locker report results....
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