Foot Locker Promises More Choices
Big Foot CEO Dick Johnson said that he’s seen no letup in consumer demand despite rising inflation, but conceded that comparisons against last year’s stimulus are going to be “mucky,” in a fireside chat at the Cowen investor conference. Doubling down on his pitch from last Friday’s earnings call, Johnson averred that the FL customer wants more choice, and values a broad assortment of brands. With Nike pulling back from its shelf space dominance that peaked in 2020 when it accounted for 75% of FL revenues, there will be more room for those other brands, and Johnson sees its role ... Log in to view full article.