Express in talks with lenders to finance bankruptcy filing - report [Seeking Alpha]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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US:NYSE Investor Relations:
footlocker-inc.com/investors.cfm?page=investor-relations
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Source: Seeking Alpha
The Columbus, Ohio-based retailer is asking lenders for help financing a Chapter 11 bankruptcy process, the report said, although preparations for a bankruptcy filing are not final. Plagued by changing fashion tastes and competition from fast-fashion names like Shein and Temu, the retailer has been struggling to stay profitable amid a challenging environment for mall mainstays like Express ( OTC:EXPR ) and Foot Locker ( FL ). A new CEO in September and talks with its lenders to restructure its $280M in debt have failed to breathe life into the brand and in February, the company reportedly hired restructuring adviser M3 and law firm Kirkland & Ellis to work with lenders and/or file for bankruptcy. In the past year, the share price has deteriorated by 97% to Wednesday's low of $0.56. Unable to maintain an average global market capitalization of at least $15M for 30 consecutive days, on March 6, the NYSE began delisting measures and suspended trading on the exchange. Shares are do
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FL
News
- Foot Locker Puts Faith In New Store Concept To Kick On Sneaker Sales [Forbes]Forbes
- Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence [MSNBC.com]MSNBC.com
- Inside Foot Locker's ‘Store of the Future' Model Guiding the Chain's New Retail Identity [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPT [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPTPR Newswire
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website