$Foot Locker(FL)$ Sneakers market has always attracted a huge fan base, not just for fashionistas but collectors as well.
The festives season is likely going to boost the sales leading all the way up to Christmasand new year. While the impending recession might loom over consumer spending, would think that the first few areas to cut back are f&b and unnecessary travels etc. or at least spending on cheaper sneakers.
The revenue and net income growth has been healthy over the past few years while the company has also took the effort to close and open outlets in line with sales and to improve efficiency. One area to note is that the debt has also trended up in recent years. However, the spending has also allowed it to become the dominant market player in the industry.
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