Foot Locker Returns to Positive Comps in Q4
Big Foot’s ongoing Lace Up plan and cost optimization efforts drove fourth-quarter results ahead of guidance as the bottom line swung back to $49 million in income against last year’s loss of $389 million, while sales ticked down 6% to $2,248 million from $2,384 million but posted a +2.6% comp. Strong Holiday sales were offset by last year’s additional $98 million in sales from the 53rd week, store closures over the past year, and ForEx headwinds. The Foot Locker and Kids’ Foot banners posted a combined +3.6% comp, while Champs Sports ... Log in to view full article.