FOOT LOCKER RESULTS
Comparable sales decreased by 8%. Analysts were expecting a 9.88% decline. The total number of stores fell 6.7% year-over-year to 2,607, while analysts were expecting 2,557.
Foot Locker also disclosed its intention to enter the Indian market in 2024 through a long-term licensing agreement with one of India's largest footwear retailers, Metro Brands Limited. Under the agreement, Metro Brands Limited will have the exclusive right to own and operate Foot Locker stores in India.