1343 ET - Foot Locker is confident it has the right plan in place to drive profitable market share gains as it strengthens its relationship with Nike, CEO Mary Dillon says on the earnings call. The sneaker and apparel retailer, which last year refreshed 400 stores and achieved $100 million in savings, sees hope in Nike's future innovation as it deals with a more cautious and sensitive customer, which weighed on business in the beginning part of the year. "Our partnership [with Nike] is strong and fully reset, and serving our multi-cultural customers continues to be a top priority for both our businesses," Dillon says. Overall, Foot Locker is aligning closely with Nike to optimize inventory to support full price sales and reinvigorate critical consumer franchises like Air Force 1, Dunk and the AJ1, the executive adds. F(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 05, 2025 13:43 ET (18:43 GMT)
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