Representative image Foot Locker global chief executive Mary Dillon said Indians are increasingly demanding sneakers such as Jordans and Samba, going beyond just having a sports shoes culture, mimicking the trend seen in the US and China many years ago. Foot Locker, a New York-based athletic retailer, is entering into India through a long-term licensing…
New Delhi: New York-based footwear retailer Foot Locker has partnered with Metro Brands and Nykaa to enter India market with an omnichannel approach, it said in a media release on Monday. With Metro Brands operating the New York-based retailer’s physical presence, it will open the first store in Select City Walk, Delhi. Apart from offline…
Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business to boost demand. Despite a solid holiday quarter, Foot Locker said it would achieve its long-term profit margin target two years later, in 2028, dashing hopes…
Apparel maker Under Armour raised its annual profit and margin forecasts on Thursday, betting that easing input and freight costs would help offset weak demand in North America, sending its shares up 6%. The company is leaning on lower production costs to drive up profit at a time when demand for its apparel and footwear…
Nike is starting to lose share to upstart sneaker brands such as On and Hoka and will need to invest in fresher styles, analysts said on Friday, after the sportswear giant trimmed its annual sales forecast and sent shares tumbling 11%. The Air Jordan 1 shoe maker mainly blamed cautious consumer spending for the downbeat…
Foot Locker‘s steep discounts powered a solid start to the retailer’s holiday season sales and prompted it to tighten its annual profit and sales expectations, sending its shares surging as much 22% on Wednesday. More than 200 million shoppers made purchases both in-store and online during the Thanksgiving weekend, the National Retail Federation said on…
New Delhi: Foot Locker, the New York-based specialty athletic retailer, on Wednesday, has announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL), a footwear and accessories specialty retailer, and Nykaa Fashion, a cosmetics-to-fashion retailer, according to a media release. Under the terms of the agreements, MBL is granted exclusive rights to…
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5%. The group, already the UK’s biggest sportswear retailer and with an expanding presence in North America…
