Foot Locker is becoming concerned about a growing problem
The footwear retailer is flagging a startling trend that's impacting sales.
Foot Locker (FL) , a nostalgic mall retailer that thrived in the '80s and early 2000s, has managed to stay afloat as its peers have either gone out of business or significantly decreased their retail footprints across the nation.
Foot Locker lives on, but the retailer has recently been struggling to attract customers into its stores. In the company’s fourth-quarter earnings report for 2024, it revealed that its total sales declined by almost 6% year-over-year, while total revenue shrunk by 5.7%.
