Foot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inven… [+5447 chars]
Foot Locker results show the sneaker industry — and Nike — still have more pain ahead - CNBC
Foot Locker is expecting profits to be under pressure in fiscal 2025, indicating steep discounts are still present across the industry, especially at Nike.
By:Gabrielle Fonrouge
Source:CNBC
Published:
Related News
Stock Market Today: Dow falls 300 points as bank stocks struggle; S&P 500 wavers, tech-heavy Nasdaq rises; U.S. stocks mostly on pace for weekly losses - MarketWatch
U.S. stocks were mixed Friday afternoon, with the S&P 500 heading for a weekly loss despite rebounding from Tuesday's selloff sparked by worries over Greenland. Banks stocks were under pressure Friday, with Goldman Sachs among the Dow's worst performers in af…
MarketWatch•Christine Idzelis, Joseph Adinolfi, Vivien Lou Chen, Myra P. Saefong, Jules Rimmer
What to know about Netflix’s landmark acquisition of Warner Bros. - TechCrunch
Learn more about Netflix's acquisition of Warner Bros., considered the most historic megadeal in Hollywood, as it continues to develop.
TechCrunch•Lauren Forristal
How the TikTok deal could tighten Trump’s cultural grip - Politico
As Trump-friendly billionaires take control of TikTok’s U.S. operation, some see the beginnings of a ‘cultural vibe shift’ on the platform — and an echo of changes taking place across the U.S. media landscape.
Politico•Brendan Bordelon, Katherine Long, Gabby Miller, Cheyenne Haslett