Stats Launching Projections Product MLS, MLSPU Still Locked In CBA Talks Emanuel: No Round-The-Clock Wrigley Work Buster Posey On Being "Face Of MLB" Dell To Sponsor WGC-Match Play Event Crew Signs First Stadium Naming-Rights Deal Drew Sheinman Joining IMG Licensing Chargers Fans Vocal At Stadium Forum Braves Borrowed $100M In '14 For New Ballpark Smith To Face At Least Three People In NFLPA Race
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).