Ad Inventory For NCAA Tourney 95% Sold Sporting KC Unveils '14 TV Schedule Steedman Named AEG Facilities COO OSU Partners With Sporting Innovations Yahoo Named MLB.com's Fantasy Game Cuban To Visit USF Sport Management Program Details Emerge About Rio Games Golf Fields Torrey Pines Likely To Host '21 U.S. Open Ross Wants To Pay For Stadium Upgrade Martha Ford Takes Over Lions Ownership
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).