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Foot Locker, Inc. operates as a global footwear and apparel retailer with approximately 2,523 stores across 26 countries, including franchise locations in the Middle East and Asia. The company features a diverse brand portfolio, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos, and utilizes omni-channel capabilities to enhance customer shopping experiences through various digital and physical store integrations.
Royal Bank of Canada exceeded analyst expectations with Q4 adjusted earnings per share of $3.07 and revenue of $15.1 billion. In South Korea, President Yoon Suk Yeol rescinded his martial law declaration amid political turmoil, facing potential impeachment. Seven & i Holdings Co. plans a $60 billion buyout that includes an IPO for its North American assets, while Dollarama aims to expand in Western Canada with a new logistics hub. Foot Locker shares fell 19% after missing earnings expectations and announcing store closures.
American Eagle's shares fell 13% after the company issued weak holiday guidance and cut its full-year forecast, citing challenges with value-seeking consumers. Despite a strong back-to-school season, the retailer reported a slight revenue decline and missed Wall Street's sales targets for the third consecutive quarter. The company anticipates a 1% increase in comparable sales for the holiday quarter, down from previous expectations, while its Aerie brand continues to show strong demand with record revenue.
Foot Locker, Inc.
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Foot Locker Inc Receives Neutral Rating from UBS Amid Retail Operations Expansion
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