Foot Locker is expected to see near-terms headwinds from Nike's inventory clearance efforts
Jefferies weighed in on the impact of Nike's (NKE) earnings report and cautious guidance on Foot Locker. Analyst Randal Konik ...
NBC Washington29d
Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
"As Nike rebalances their product portfolio and inventory levels in ... to reverse course when it saw the impact it was having on sales and profits. Foot Locker is also doing a better job of ...
USA Today13d
Nike faces steepest revenue drop in 5 years as consumer spending slows down
This signaled the impact of discounts imposed by Nike to clear out unsold inventory. Nike products comprise more than 60% of Foot Locker merchandise. Those recent indicators illustrate the long ...
Nike's Sales Take a Hit as Consumers Shift Away from Expensive Sneakers, Apparel
Nike's sales drop as consumers shift away from pricey sneakers and apparel, prompting a major turnaround strategy.
New York Post28d
Foot Locker’s Q4 results reveal struggle to attract ‘cautious’ Gen Alpha, Gen Z shoppers
use of discounts to clear out old inventory. This has caused Gen Z and Gen Alpha to flock to Nike’s low prices that Foot Locker cannot match. This year, Gen Alpha and Gen Z customers spent more ...
Reuters14d
Nike to post worst revenue fall in 5 years on stagnant demand
This signaled the impact of discounts imposed by Nike to clear out unsold inventory. Nike products comprise more than 60% of Foot Locker merchandise. Those recent indicators illustrate the long ...
The Indianapolis Star13d
Nike faces steepest revenue drop in 5 years as consumer spending slows down
Foot Locker FL.N, a major Nike retailer, disclosed in its earnings March 5 that promotional pressures would hurt its profit ...