‘Fresh assortments’ give Foot Locker confidence
Specialist athletic footwear retail group Foot Locker has reported revenues of just under $1.9 billion for the first quarter of its current business year, the period ending May 4, 2024. This represents a fall of 2.4% compared to the previous year.
At the end of the quarter, the group had 2,490 stores around the world, 34 fewer than at the start of 2024.
Chief executive, Mary Dillon, said Foot Locker’s start to this financial year had been solid and that it was “well positioned with fresh assortments” as it moves into summer and towards the important back-to-school shopping season.
Ms Dillon said the group was also working to strengthen its partnerships with prominent athletic footwear brands. She added that Foot Locker is “at the intersection of basketball and sneaker culture”.
