Two firms say Foot Locker wins from a strategy shift at Nike. We're not so sure [MSNBC.com]
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: MSNBC.com
Wall Street sentiment toward Foot Locker is warming up after Nike recently said it would focus more heavily on wholesale partnerships — a domain the athletic shoe retailer is a key player in. We still have reservations. Two research firms upgraded Foot Locker shares over the past week: Evercore ISI went to buy from hold Monday, a move that follows an update from Citi to hold from sell, on Friday. Both argued that Nike's return to selling merchandise through department stores and retailers is a major catalyst for Foot Locker. It also marks a sharp reversal for Nike, which has spent years focused on direct-to-consumer digital sales. These upgrades helped lift FL shares nearly 6% Monday to roughly $25 apiece. The stock is still down 17% year to date. FL YTD mountain FL stock performance year-to-date. "I'm thrilled because it's been a very weak stock," Jim Cramer said Monday on CNBC. "But that's about Nike being more aggressive. Nike did not have a good quarter, and I think there's a reco
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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