![]() ![]() ![]() The company also posted a bleak outlook for 2022, which anticipates sales falling between 4% and 6% and same-store sales falling by 8% to 10%. In late February, the footwear retailer posted a bleak outlook for 2022, largely due to the impact of one of Nike making an “accelerated strategic shift to DTC.”įoot Locker said as a result, no single vendor will represent more than 55% of total supplier spend, down from 65% last year. The latter scenario was was the situation described in the most recent earnings report for Foot Locker. Elevated Logistics Costs & Higher Markdowns Hit Nike's Margins in First Quarter
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