Retail News

What Nike’s Jordan pullback means for Foot Locker

Reported by Retail Dive, Cara Salpini on Oct 29, 11:10 AM ET

With Jordan accounting for roughly 25% of Foot Locker’s revenue, the athletics retailer will have some gaps to fill next year. Nike’s earnings earlier this month signaled a longer turnaround timeline for the activewear giant, but one of the retailer’s biggest problem areas could deal damage to its wholesale partners’ prospects as well. The Jordan brand is a crucial piece of the puzzle for Foot Locker’s turnaround. But the most recent quarter made clear that Jordan will require more time to get healthy.

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More Retail News

Fanatics revamps outfit curation tool with OpenAI

Most consumers aren’t using AI for product discovery, yet

Heydude wants to sell more in North America, but is unlikely to open new stores

DoorDash to buy Instacart for $17B

FTC orders Target, Walmart to provide details in personalized pricing inquiry

The Backroom: Dynamic pricing and the anxious consumer