Foot Locker is expected to see near-term headwinds from Nike's inventory clearance efforts
Jefferies weighed in on the impact of Nike's earnings report and cautious guidance on Foot Locker. Analyst Randal Konik noted ...
Nike faces steepest revenue drop in 5 years as consumer spending slows down
Downloads of Nike mobile apps for the quarter were down 35% from a year earlier, and foot traffic at Nike stores was down 11% ...
NBC Los Angeles29d
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 ...
Harvard Business Review6d
Research: How Retailers Respond When Brands Start Selling Direct
A new study analyzed the product orders placed by nearly 2,000 multi-brand retailers in the U.K. and France before and after ...
New York Post29d
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 ...