Foot Locker Exec Says In July Comps Were Down In The Low Double-Digit Range
Portfolio Pulse from Benzinga Newsdesk
Foot Locker's executive has reported that the company's comparable store sales (comps) were down in the low double-digit range in July, according to Reuters.
August 23, 2023 | 2:34 pm
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Foot Locker's July comps were down in the low double-digit range, indicating a decrease in sales compared to the same period last year.
Comparable store sales, or comps, are a key indicator of a retailer's health. A decrease in comps suggests that Foot Locker's sales have declined compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price.
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IMPORTANCE 80
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