Twitter Me This.... OKC Barons Ceasing Operations NFL, USA Network Partner For Documentary Carnival To Run Its First Super Bowl Ad FIFA Could Release Garcia Report PGA Tour Pros Featured At Jaguars Game Big Execs Reminisce On Sports Media Executive Transactions WVU Looking For Luck's Replacement DC United Finalizes New Stadium Approval
Foot Locker "is stumbling," according to Richard Wilner of the N.Y. POST. The 3,000-store chain is expected to report that same-store sales in the "key" September selling period slipped 8-10% from last year. The drop follows an 11.2% same-store sales decline in August and "marks the seventh straight weak month for Foot Locker amid an overall soft sneaker business." The expected September sales decline was revealed in a research report by Gruntal & Co. analyst Michael Conn, who cut his recommendation yesterday to a "hold" from "strong buy." Foot Locker parent Woolworth would not comment on the report but is expected to report September sales on Thursday (N.Y. POST, 10/7).