#foot-locker

#foot-locker

"Our first priority is clear. We need to clean out the garage of underperforming assets," executive chairman Ed Stack told investors during Dick's third-quarter earnings call. "This means clearing out unproductive inventory, closing underperforming stores, and rightsizing assets that don't align with our go-forward vision for the Foot Locker business." Stack said that while the business shows significant promise, Foot Locker's prior leadership did not respond appropriately to market changes, including Nike's decision to shift a greater portion of its business to direct-to-consumer sales.

Foot Locker has launched an exclusive Saucony collection that infuses early-2000s design elements with contemporary aesthetics, focusing on vibrant colorways and unique silhouettes.

Foot Locker is reviving sneaker culture nostalgia with the re-launch of the iconic Air Jordan 5 'Grape,' originally released in 1990.

"Stay in Rotation encourages young consumers to keep their looks fluid and ever-changing—just like the music they listen to, the apps they scroll, or the vibes they channel from day to night."