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.

(Reuters) - Foot Locker executives ... demand for shoes. It now expects annual sales to drop between 1% and 1.5%, compared with its prior forecast of a 1% rise to a 1% fall. Nike Vomero shoes ...

Nike’s new CEO Elliott Hill warned of short-term pain as the embattled sportswear seller works to revive tepid demand for its ...

Shares of Foot Locker fell as much as 20 per cent on Wednesday after the sporting goods retailer lowered its annual sales and profit forecasts on softening demand for shoes. It now expects annual ...

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 ...

The analyst writes that Foot Locker is positioned for an earnings recovery in 2025, with improvements expected from a strengthened Nike, Inc partnership, growth in non-Nike brands, recent SG&A ...

Foot Locker slashed its full-year guidance Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike. The sneaker giant fell short ...

With Nike making up 60% of Foot Locker's sales, weakness in the brand is a huge weight even as competitors gain share: "Nike has been offering higher promotions, the retailers have had to respond.