Foot Locker is becoming concerned about a growing problem [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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footlocker-inc.com/investors.cfm?page=investor-relations
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Source: Yahoo! Finance
Foot Locker lives on, but the retailer has recently been struggling to attract customers into its stores. In the company's fourth-quarter earnings report for 2024, it revealed that its total sales declined by almost 6% year-over-year, while total revenue shrunk by 5.7%. Don't miss the move: Subscribe to TheStreet's free daily newsletter Foot Locker's sales decline during the 2024 holiday season happened during a time when mall visits were down nationwide in December. According to data from Placer.ai, indoor mall visits in December fell 0.6% year-over-year, while visits to outdoor malls declined by 1.8%. Related: Foot Locker sounds the alarm on a concerning customer behavior Foot Locker suffers a major loss During an earnings call on March 5, Foot Locker Chief Commercial Officer Frank Bracken said that while the company saw shoe brands such as Adidas, New Balance, UGG, Crocs, etc., increase in sales, it continued to see challenges in its apparel business. Revenue in th
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