People love the style and fit of Jordan shoes, but the sneakers usually cost $150 or more to purchase. Not this week. Foot ...
Foot Locker is expecting profits to be under pressure in fiscal 2025, indicating steep discounts are still present across the industry, especially at Nike.
(Similar to other retailers, Food Locker benefitted from an extra week in the year-ago period.) Comparable sales were up 2.6%, more than expected, including global Foot Locker and Kids Foot Locker ...
Foot Locker surprised investors with higher sales and a higher gross margin. It's closing stores but the company is on a better trajectory that it can hopefully sustain in coming years.
For the quarter ended January 2025, Foot Locker (FL) reported revenue of $2.25 billion, down 5.7% over the same period last year. EPS came in at $0.86, compared to $0.38 in the year-ago quarter.
Plus, just because Nike shoes are selling for a discount on its own website doesn't mean that Foot Locker's website will run those same promotions. For example, a Nike Air Force 1 '07 model ...