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Foot Locker Is Killing Off Footaction

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

Total sales at Foot Locker increased by 83 percent to $2.2 billion in the first quarter of 2021, with the athleticwear and footwear retailer reeling in net income of $202 million. But as the retailer bounces back, it is saying goodbye to one of its longtime banners. In a Nutshell: Foot Locker’s apparel business had…

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