Foot Locker (FL) is prepared to ride the coattails of serious momentum at key vendor Nike, analysts contend.
On Thursday evening, Nike reported record sales in North America for its fourth fiscal quarter. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Jordan brand sales rose an impressive 31% to $5 billion in Nike’s just completed fiscal year.
Source link
