Financial

Foot Locker committed to Lace Up strategy despite current challenges

By 2023-08-24T06:41:00

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Faced with persistent store traffic and conversion challenges, a promotional landscape, and an 11 percent year-over-year increase in inventories, Foot Locker has lowered its financial outlook for the remainder of the FY and paused its dividend for shareholders as it works to get better positioned for the upcoming holiday season ...

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