Scholars Corner: Foot Locker is Closing 400 Stores

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.8 • 7.8K Ratings

🗓️ 29 March 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

I'm this Scholars Corner we discuss Footlocker's closing of 400 stores,

and how Nike pulled back and the affect it has on them.

#earnyourleisure #footlocker #nike

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Transcript

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0:00.0	You don't need special gadgets to be a hero.
0:03.9	With unlimited 1.5% cashback on every purchase, everywhere, the Capital One Quick Silver
0:08.6	card makes you the hero of every purchase.
0:11.4	Whether it's headphones, a lounge chair, or even a well-deserved massage, whatever the
0:15.4	Quick Silver purchase, you're the hero.
0:17.9	No fighting bad guys, getting an epic card chases, or parachuting out of buildings required.
0:23.1	Simple isn't it?
0:24.3	Capital One Quick Silver card.
0:26.3	What's in your wallet?
0:27.8	On supply, see Capital One dot com for details.
0:32.3	400 footlocker locations have been closing by 2026.
0:36.1	Inside of moles, so we gotta be very severe.
0:39.1	Yeah, footlocker, they were done once Nike stopped, right?
0:45.2	Nike doesn't have the shoes of the footlock anymore?
0:46.8	They still have them, they're pulling back.
0:48.8	They're pulling back 30% of the inventory.
0:51.9	Yeah, footlocker.
0:52.9	Yeah, that's tough because they're just a retail that just supplies.
0:57.7	It provides other retail stores equipment, right?
1:02.0	So they don't have a shoe, they don't have their own clothing, they just stock.
1:06.6	They have a t-shirt in there.
1:09.4	Those are bad though.
	...

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