On Thursday, Foot Locker (NYSE:FL) showed its turnaround plan is working as it posted better-than-expected comparable sales, with shares surging 15% upon the release of its May quarter report.
Foot Locker delivered mixed holiday results and warned that profits will be under pressure in the year ahead. Its largest brand partner, Nike, is using discounts to clear out stale inventory, which is ...
Foot Locker stock dropped nearly 8% premarket despite Q2 sales and EPS beats. Foot Locker sees gross margin pressure and mixed sales growth, leading to stock decline. Get access to the leaderboards ...
Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of ...
Editor’s Note: This story has been updated to correct the remarks made by executive chairman Ed Stack. (NEXSTAR) — Just months after completing its acquisition of Foot Locker, Dick’s Sporting Goods ...
Foot Locker has experienced a sharp valuation decline, losing over half its value this year, due to slowing consumer spending and rising inventory costs. The company's efforts to diversify its product ...
The footwear giant delivered mix results for its holiday quarter, beating Wall Street's expectations on earnings but falling short on sales. In the year ahead, it anticipates that trend will reverse.
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale ...
Stream Los Angeles News for free, 24/7, wherever you are. The footwear giant delivered mix results for its holiday quarter, beating Wall Street's expectations on earnings but falling short on sales.