1140 ET - Foot Locker has made progress in working through its inventory to bring itself into better alignment with Dick's Sporting Goods following the combination of the two companies, Oppenheimer analysts say. Based on the analysts' analysis, data shows that Foot Locker has sold through footwear designated for clearance. Its remaining inventory marked on sale is now much more skewed toward less popular shoe sizes, the analysts say. Overlap between clearance products at Foot Locker and full-price merchandise at Dick's has also diminished, they say. "As we increasingly focus upon 2026, and beyond any nearer-term transitional disruptions for DKS, we reiterate shares as a top pick," the analysts say. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
December 23, 2025 11:40 ET (16:40 GMT)
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