Foot Locker stores will soon have fewer Nike products for sale

Ya'll Still Cop from Footlocker Often?

  • Yes

    Votes: 1 6.3%
  • No

    Votes: 15 93.8%

  • Total voters
    16
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The popular apparel and sneaker company has, over the past several years, been shifting sales away from retail outlets and towards its own stores, both online and brick-and-mortar. Nike has previously pulled its products from such retailers as DSW, Macy’s, Urban Outfitters and Zappos.


Now it looks like Foot Locker will be added to that list as well. The retail shoe chain, which has a corporate services office in Camp Hill, announced last week that no single vendor is expected to represent more than 60% of its business this year, according to a story from Yahoo Finance. For comparison’s sake, Nike represented 70% of sales in 2021 and 75% in 2020.



“This change reflects Nike’s accelerated strategic shift to direct-to-consumer and Foot Locker’s ongoing brand and category diversification efforts,” Foot Locker CFO Andrew Page said during an earnings call, Yahoo reported.



As a result, shares of Foot Locker crashed nearly 35% on Friday, a loss of about $950 million in market value. Shares are down about 40% for the year, according to CNN.



According to CNBC, the company plans to implement a cost savings program to cut back on about $200 million in expenses each year. It will also lean into its existing relationships with such brands as New Balance, Puma and Crocs.

 
53,194
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Ya'll still cop from footlocker in store? I can't remember the last time I intentionally wanted to go to one myself.
 
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Now KC is not a hot bed for sneakers and I understand the the global supply chain issues but FTL here locally is dead. Foot Action closed and I’ve never seen such bare shelves at the HOH. You combined the app switch to FLX and now Nike pulling back this spell disaster.
 
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Now KC is not a hot bed for sneakers and I understand the the global supply chain issues but FTL here locally is dead. Foot Action closed and I’ve never seen such bare shelves at the HOH. You combined the app switch to FLX and now Nike pulling back this spell disaster.
According to the article, it doesn't have much to do with supply chain issues. Moreso a strategic decision.
 
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Wonder if this will expand to the regional “urban” (for lack of a better term) stores like DTLR, Shoe City, etc
I doubt it. If they want to take away from FL, I don't think going to smaller stores is the way. I think years ago, they may have even decreased supply to smaller stores.
 

Mr Dink

formerly foamposite xi
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Not like I ever win any of their raffles anyways.
 

Air Champa

formerly champa
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Surely the online stores will be bot proof. Would really suck if they're not.

I've still yet to win anything on FLX. Last shoes I won were Playoff 11s.
 
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Meh, won’t affect Los Angeles. Got plenty of places to get Nike product and I won’t be surprised if our outlets and even clearance stores get more stuff.

With some Nike shoes out of Foot Locker I’ll be happy seeing more Reebok, Adidas, Fila and other brands on the shelves.
 
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Ya'll still cop from footlocker in store? I can't remember the last time I intentionally wanted to go to one myself.
not since 2007 or 2008, whenever Zoom Flight 95 retroes were in stores in the late late winter or early spring. I'm thinking this was 2008, was like March or April. sorry 2006-2008 are a bit of a blur for me. Prior to that I had only copped Filas & Pumas from Foot Locker in the 2000's. Also remember copping Pumas from Foot Action in 2009 or 2010, mall type stores would always have the lesser brands on front street.
 
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