Weekend Plans With Engine Shop's Ed Kiernan Oilers Unveil Details Of New Arena District Ravens Partner With Domestic Abuse Center NFL Toughens Domestic Violence Policy CBS Going All-Out With U.S. Open Coverage Snickers Releases First Manziel Commercial Classified Advertisements Executive Transactions Filing Hints NCAA's Strategy In O'Bannon Appeal Notre Dame Renovations Begin In November
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).