Foot Locker Announces Growth Plan
Foot Locker announced a multipronged strategy to increase market share and grow sales to $9.5 billion by 2026. Called the “Lace- Up” plan, the strategy will diversify its portfolio, launch new store formats, maximize its loyalty program, and invest in technology to improve the customer experience.
Part of the growth plan involves the revived Nike partnership, focusing on key audiences like basketball, kids, and sneaker culture. Foot Locker also plans to share data and insights....