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Foot Locker Explains Why Running Stumbled in Q4

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Facing headwinds from Covid-related closures in Europe and Canada and inventory delays due to congestion at domestic ports, Foot Locker saw comparable sales fall 2.7 percent in the fourth quarter, missing consensus estimates of a 4.8 percent gain. On the whole, however, chairman and CEO Richard Johnson said the specialty athletic retailer saw sequential improvement…

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