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JPMorgan says issues in department stores/clothing retail may clear by 2023, noting prospect of cleaner inventories, low unemployment, easing inflation, return to 'occasion-based dressing'; retailers worth watching include Burlington, Macy's, Foot Locker

Barclays upgrades Foot Locker to equal weight, noting hiring of new CEO as game changer; former Ulta Beauty CEO has experience managing multi-branded retailer with several key strategic vendors at wide range of price points catering to all consumers

Foot Locker announces Mary Dillion will replace Richard Johnson, who will retire as president and CEO per planned succession process, effective Sept. 1; Dillon is former executive chair and CEO of Ulta Beauty, will serve on company's board

Foot Locker's Q2 net income down to US$94M from US$430M last year; sales fall to US$2.07B from US$2.28B, with comp-store sales down 10.3% amid 'increasingly challenging macroeconomic backdrop'

Foot Locker to divest its Eastbay Team Sales business to sports apparel and footwear retailer BSN Sports; business accounted for less than 1% of Foot Locker's annual consolidated sales

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