Nike Sees Dip in Shares after Foot Locker Crisis
Amid the market realities, the marketing department at Nike noted that the low patronage of Foot Locker could be weighing on the sneaker giant’s shares.
Foot Locker Posts Q1 2023 Results, Sees Stock Sink 25% on Sales Drop
By
Tolu Ajiboye
Sportswear and footwear retail company Foot Locker took a beating in its Q1 2023 report after sustaining an 11% drawdown in revenue.