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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。