Foot Locker Sees Strength in Adidas, Hoka Amid Nike's Struggles -- Market Talk

Dow Jones12-04

0955 ET - While Foot Locker is contending with woes at top partner Nike, sales of other brands in its assortment are doing well. CEO Mary Dillon on an analyst call says brands including Adidas, New Balance and Asics were up double-digits through a combination of expansions as well as gains in the lifestyle category. She notes that the sneaker and athletic-wear retailer is seeing strong gains in brands On Holding and Hoka with plans to expand in 2025 and beyond. Commercial Chief Frank Bracken adds that On Holding and Hoka are bringing new consumers into sneaker culture, especially women and kids. Foot Locker tumbles 18% after cutting its outlook for the year.(denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

December 04, 2024 09:56 ET (14:56 GMT)

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