Reported 6 months ago
Shares of Foot Locker (FL) are on the rise as the company unveils its turnaround plan aimed at attracting consumers back amidst tight budgets and high inflation. The plan, known as the Lease Up plan, focuses on offering value to customers with constrained discretionary income. Initiatives include the launch of a loyalty program called FLX Rewards, introducing a new store experience in Wayne, New Jersey, and collaborating with Nike on a multi-year growth strategy centered around innovative products for the upcoming Paris Olympics.
Source: YAHOO