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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
Published: May 22, 2023 by The Motley Fool
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
Published: May 22, 2023 by Investing.com
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
Published: May 22, 2023 by Northlines, The (India)
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
Published: May 19, 2023 by Associated Press
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
Published: May 19, 2023 by Adidas AG

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