Moody’s has confirmed Foot Locker’s positive Ba1 corporate family rating, in spite of Covid’s effects on its business, considering that its liquidity is very good. Other assets are its scale, geographic diversification and well-recognized brand names. Key risks are the chain’s narrow focus on the fashion-sensitive premium athletic footwear and apparel market, according to the rating agency, as well as its concentration on a handful of vendors: In 2019, Nike accounted for 71 percent of its revenues, and its top five brands for 91 percent of them. Meanwhile, Foot Locker has announced the appointment of a new executive vice president and chief financial officer, Andrew E. Page, effective April 12. Among other jobs, he spent five years as senior vice president and chief accounting officer for Under Armour before starting a similar job at Advance Auto Parts in May 2019. At Foot Locker, Page will take the place of Lauren B. Peters, who is retiring as previously announced.