Search
94705
news

Foot Locker Post Positive Quarter Results after Two Slumps

Date: December 01 2019

By: Sneaker Freaker

ADVERTISEMENT

Foot Locker’s stonks are back up! After a rough couple of quarters, the retailer posted third-quarter profits that exceeded expectations.

Revenues have risen 3.9 per cent to $1.93 billion, and same-store sales bumped up 5.7 per cent, a margin more than analysts had predicted. Reportedly, CEO and Chairman, Dick Johnson, has said Foot Locker has a new five-year strategy that focusses on ‘elevating customer experience, investing in long-term growth, driving productivity, and leveraging the power of its pool’.

If that’s all over your head, the take-home here is that it isn’t over for retail.

Log In

Forgot username or password

Create Profile

Forgot Password

Newsletter Sign-Up

Welcome to the Sneaker Freaker family! Just enter your details below and we’ll keep you up to date via our newsletter with all our exclusive news and special offers.

Thankyou!

Your submission will be reviewed and you will receive an e-mail soon regarding approval.