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
Foot Locker delivered mixed holiday results and warned that profits will be under pressure in the year ahead. Its largest brand partner, Nike, is using discounts to clear out stale inventory ...
The Indianapolis Star14d
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 ...
New York Post29d
Foot Locker’s Q4 results reveal struggle to attract ‘cautious’ Gen Alpha, Gen Z shoppers
Foot Locker’s quarterly results missed Wall Street’s expectations as total sales decreased due to Gen Alpha and Gen Z’s “cautious” spending habits. The sneaker retailing giant’s total ...
Reuters14d
Nike to post worst revenue fall in 5 years on stagnant demand
March 19 (Reuters) - Nike (NKE.N), opens new tab is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the ...
NBC Los Angeles29d
Foot Locker results show the sneaker industry — and Nike — still have more pain ahead
Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale ...
USA Today14d
Nike faces steepest revenue drop in 5 years as consumer spending slows down
Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to ...