Monday, August 27, 2018

Foot Locker in comeback

Chain Store Age
Foot Locker is back on track after a lackluster 2017, beating second quarter Street forecasts amid improved inventory management.

Net income totaled $88 million compared to net income of $51 million in the prior year.

Total sales rose 4.8% to $1.78 billion, besting analysts’ estimates of $1.76 billion. Same-store sales inched up 0.5%.. . . more

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