Noting “softness” from its largest brand partner Nike, Foot Locker on Wednesday said its third-quarter sales declined 1.4%, per a company press release. Comps, however, were up 2.4% as the ...

Weakness in China and a less than stellar execution of its direct-to-consumer strategy have also weighed on Nike stock in 2024. And from what Foot Locker told CNBC in an interview today ...

Foot Locker, on Friday morning, reported an 11% drop in sales and a miss on revenue and profits. Its disappointing earnings are hurting Nike, as the two companies spent the past few months touting ...

Foot Locker (FL) had a rough few months. The sportswear retailer, which sells top sneaker brands such as Nike, Adidas, and New Balance, has revealed that it recently faced an unexpected drop in ...

Mary Dillon, the former Ulta Beauty boss who took over Foot Locker in 2022, blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.

Foot Locker Inc. is planning to expand its Home Court basketball sections developed with Nike Inc. in stores worldwide, part of an effort for the longtime partners to mend their frayed relationship.

Says inventory levels with Nike (NKE) “remain controlled ... Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on FL: Foot Locker NewsMORE Related Stocks Indices Commodities ...

Foot Locker's efforts to diversify its brand portfolio beyond Nike have shown promise. Strong sales from brands such as Adidas, Asics, and New Balance have helped offset some of the challenges faced ...