Foot Locker Merchandise Inventories As Of Jul. 29 Were $1.8B, Up 11% YoY
Portfolio Pulse from Benzinga Newsdesk
Foot Locker's merchandise inventories as of July 29 were $1.8 billion, marking an 11% increase year-over-year.
August 23, 2023 | 10:48 am
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POSITIVE IMPACT
Foot Locker's merchandise inventories have increased by 11% YoY, indicating a potential increase in sales volume.
An increase in merchandise inventories could indicate that Foot Locker is expecting an increase in sales volume in the near future. This could potentially lead to increased revenues and a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100