Hints and tips:
...Foot Locker on Wednesday cut its full-year outlook for gross margins to a range of 27.8 per cent to 28 per cent....
...Mary Dillon, chief executive of shoe retailer Foot Locker, said Hoka and On Running were two of its fastest-growing brands....
...But Macy’s, Foot Locker and Nordstrom are trickier....
...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...
...Numerous retailers reported surging inventories for the second quarter: Foot Locker, Kohl’s and Gap reported inventories up 52 per cent, 48 per cent and 37 per cent, respectively....
...Mr Johnson of Foot Locker said the lack of federal guidance had been a challenge....
...There are a number of good arguments for Foot Locker’s acquisition of atmos, which stands out for having happened at all....
...Instead of simply competing against other sports brands such as Adidas or Under Armour on the shelves at Foot Locker, Nike faced new rivals, including Lululemon, a yoga-pants specialist with its own store...
...Macy’s, Foot Locker and Victoria’s Secret-owner L Brands were among several companies that slumped to a quarterly loss after their stores were closed — in stark contrast to Walmart, which posted its biggest...
...Not everyone is sure coronavirus will lead directly to a wave of retail bankruptcies....
...In a bid to drive foot traffic, its 1,100 stores double as Amazon return centres....
...Lines of tape mark out six-foot distances in the locker rooms and workers will arrive in staggered shifts. Such steps consume time and square-footage in a cost-obsessed business....
...Foot Locker shares, which tend to be volatile around earnings releases, were down 10.1 per cent in pre-market trade on Friday....
...Foot Locker was always seen as a tougher competitor to JD Sports in the US than Sports Direct has been in the UK....
...Foot Locker came good on its prediction for a strong fourth quarter and forecast better than expected earnings growth in 2019, helping send shares of the sportswear and sneaker retailer more than 13 per...
...Mr Parker also noted that Nike’s wholesale unit, “led by our strategic retail partners such as Foot Locker,” has seen its profitability improve....
...It showed in Foot Locker’s gross margin, which expanded to 31.6 per cent from 31 per cent....
...In February, US sporting goods retailer Foot Locker spent $100m on a minority stake in GOAT, a sports shoe marketplace....
...Foot Locker shares were up 0.6 per cent in pre-market trade this morning. At Thursday’s close, the stock was up 13.5 per cent in 2018....
...Foot Locker shares sprinted higher leading the benchmark S&P 500 on Friday after the sports apparel retailer posted better than expected first-quarter results....
...Like Foot Locker, Nike has until recently managed to buck the malaise that has shaken the wider US retail sector thanks to younger consumers’ appetite for trendy sneakers....
...The comments offered investors hope that new “must have” shoes would bring shoppers in through Foot Locker’s doors for the crucial holiday shopping season....
...Like many of its peers in the sportswear sector, Foot Locker had until recently managed to avoid the worst of the retail slump thanks to younger consumers’ taste for trendy sneakers....
...Analysts cited Foot Locker’s disastrous second quarter earnings as an early warning sign of the structural changes starting to take place in the sportswear retail industry....
...Foot Locker, Finish Line and Dick’s Sporting Goods in their most recent earnings announcements cut forecasts by about one-third, with Foot Locker’s chief executive noting declining sales of Air Jordans....
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