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Article Date: April 2024
Word Count: 643

Foot Locker’s Lace Up Plan is Progressing Well


After pushing back some of the goals of its “Lace Up” strategic plan due to a difficult 2023 result, Big Foot expanded on the progress being made in a round table discussion at J.P. Morgan’s Retail Round Up conference. FL’s final quarter comps were actually better than expected, coming in at -0.7% rather than negative high-singles, helped by conversions that improved sequentially. AURs were up and overall full-price sales were about the same, though there were pockets of promotionality where FL chose to ramp up discounts to clear more excess inventory, ... Log in to view full article.

 


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