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Article Date: March 2019
Word Count: 1151

Foot Locker Sets Five-Year Plan

Facing a rapidly evolving consumer and a marketplace where its key brand partners are relying less on wholesale, Foot Locker outlined a new five-year strategy for investors that involved leveraging its position as a key wholesale partner, hedging its bet with some proprietary efforts and a major effort to keep improving the customer experience both in stores and digitally. The expected return on these efforts will be revenues growing at a mid-single-digit CAGR generating an EBIT margin in the low-double digits and a net income margin in the high-single digits. It expects $525 to $575 in sales per gross square ... Log in to view full article.


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