Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence
Publishing timestamp: 2024-04-24 08:00:01
Summary
Foot Locker debuts new "store of future" concept in New Jersey mall, plans to revamp 900 stores over next two years. New design features immersive layout, "drop zone" for new sneaker releases, and "sneaker hub" for customized options. Company aims to reverse sales slump, keep brand partners loyal, and win back Wall Street's confidence. New store designs part of CEO's strategy to bring in customers shopping outside of malls and compete with brand partners' websites and stores. Company plans to spend $200 million on real estate projects this year and open five "store of future" shops.
Sentiment: MIXED
Tickers: ADS-DE, FL, ADS1-FF, NKE,
Keywords: retail industry, business news, adidas ag, business, breaking news: business, nike inc, new york city, foot locker inc,
Source: https://www.cnbc.com/2024/04/24/inside-foot-lockers-plan-to-revitalize-retail-footprint.html