SBD/7/Finance

Print All
  • FOOT LOCKER EXPECTED TO REPORT 8-10% SLIP IN SEPTEMBER SALES

              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).
    
    

    Print | Tags: Finance, Foot Locker/Venator Group
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug