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Analysts on Foot Locker's Q1: Citi, Williams Trading downgrade to neutral and sell, respectively; Motley Fool notes signs that footwear/apparel makers are seeking to circumvent third-party retailers in favor of implementing own D2C distribution channels

Williams Trading downgrades Nike to sell, predicated on US business, which may be challenged through H1 2024 on lack of compelling products; Nike performed well 2021-2022 by enhancing D2C/digital capabilities, but seems unprepared for in-person shopping

Walmart to source toys, shoes, bicycles from India as it looks to increase its annual exports from India to US$10B by 2027; company also wants to develop new suppliers in food, pharmaceuticals, consumables, health and wellness, apparel and home textiles

Foot Locker's Q1 net income down to US$36M from US$133M last year • total sales down 11.4% to US$1.93B • comparable-store sales down 9.1% • company reduces guidance • will take more aggressive markdowns to drive demand, manage inventory

Adidas to sell existing YEEZY product at end of month, will donate 'a significant amount' to select organizations including Anti-Defamation League, Philonise & Keeta Floyd Institute for Social Change; products have not been available since October 2022

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