Foot Locker shares pop in pre-market, as Q1 earnings point to a step in the right direction

On Thursday before market open, shares jumped more than 14% as CEO Mary Dillon called Q1 a "a solid start to the year." Its efforts to improve its digital business, the store experience, and loyalty and brand building seem to showing early signs of promise.

The company opened 4 new stores in the quarter and closed 37. It remodeled or relocated 16 stores and updated 13 stores to the current design standards. He expects it will allow the company to gain more consumer insights. Just 20% of Foot Locker's transactions happen through its loyalty program, compared to 60-80% for the retail industry.

Footwear and apparel retailer Foot Locker will be reporting results tomorrow before the bell. Here's what to look for.Exclusive: Document seen by the Guardian says ‘no capital gains tax is due’ from Labour deputy leader and that case is now closedAg Growth International shares jump after rejecting unsolicited takeover offer

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Foot Locker Q1 earnings preview: Continued decline expected while the company attempts a turnaroundFoot Locker is expected to report a tough Q1, as Wall Street expects its investments to improve results later in the year.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Best Buy Q1 earnings preview: Sales expected to decline, but an electronics replacement cycle may be comingWall Street is hoping Best Buy is at a turning point.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Premarket: Global stocks rally on rate cut hopesU.S. futures point higher as Wall Street looks to extend its run
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »