Nike Air Max and Fila Sold Well at Foot Locker But Will Basketball Sneakers Threaten Future Fortunes?

Foot Locker is off to a running start going into the homestretch of 2018, reporting third-quarter earnings and profits that beat analyst expectations. The sneaker specialist’s stock rose 15 percent on Wednesday following the strong results: earnings per share were 95 cents on an adjusted basis, topping the consensus forecast of 92 cents, while same-store sales rose 2.9 percent, higher than the 1.9 percent predicted by Wall Street. Digital sales in particular were a bright spot, up 5.9...

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