Foot Locker Exec Says While Our Reset With Nike Continues To Impact The Business Overall, We're Seeing Stronger Results In Our Nike And Jordan Basketball Business
Portfolio Pulse from Benzinga Newsdesk
Foot Locker's executive has stated that while their reset with Nike continues to impact the overall business, they are seeing stronger results in their Nike and Jordan basketball business.
August 23, 2023 | 2:17 pm
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NEUTRAL IMPACT
Foot Locker's business is being impacted by their reset with Nike, but they are seeing stronger results in their Nike and Jordan basketball business.
Foot Locker's reset with Nike is impacting their overall business, which could potentially affect their stock price. However, the stronger results in their Nike and Jordan basketball business could offset this impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Nike's partnership with Foot Locker is impacting Foot Locker's overall business, but they are seeing stronger results in their Nike and Jordan basketball business.
Nike's partnership with Foot Locker is impacting Foot Locker's overall business, which could potentially affect Nike's stock price. However, the stronger results in their Nike and Jordan basketball business could offset this impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70