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Citi upgrades Foot Locker to buy, says it's moving in right direction, turning attention away from malls and Champs brand, and focusing on offerings related to kids, loyalty, digital; following reset in 2023, forecast is for high single-digit EPS growth
Published: March 21, 2023 by Baystreet US News Alerts
Foot traffic at Lululemon, Nike stores increased in February, despite an overall decrease in at sporting goods apparel stores by nearly 8%; traffic could indicate that companies' 'experiential' brick-and-mortar designs seem to be working: Placer.ai
Published: March 20, 2023 by Business Insider
Foot Locker, Nike align on growth in basketball, kids, sneaker culture in 'revitalized' partnership; though Foot Locker will not see more limited edition lines such as Dunks and Jordans, holiday season will feature LeBron James, Kevin Durant retro shoes
Published: March 20, 2023 by Business Insider
Foot Locker to close over 400 mall stores by 2026, open over 300 new concept stores as it 'resets' focus to niche shops for sneakerheads, kids, higher-income shoppers; company expects 50% of revenue to come from outside of malls by 2026, up from 35% today
Published: March 20, 2023 by Business Insider
Novamont to contribute biobased, compostable and recyclable polymer in partnership with OrthoLite to create OrthoLite Cirql foam, a circular foam material for footwear
Published: March 13, 2023 by Business Wire

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