Foot Locker's turnaround plans send stock rising

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Foot Locker News

Turnaround Plan

Shares of Foot Locker (FL) are rising after the company laid out its turnaround plan to attract consumers back. Yahoo Finance's Brooke DiPalma breaks down...

Absolutely, Brooke, you're also watching Foot Locker here in the, in the business of sneakers and the business of keeping the feet comfortable out there.It's called the Lease Up plan pretty, pretty unique.And so Foot Locker really doubling down trying to understand how they're going to get those uh consumers who are pinched with prolonged inflation, reduced savings and higher interest rates back in the door to use that discretionary income.

They, in addition to that are introducing this new store experience, introduce a concept in Wayne, New Jersey.And also they're really focusing on to returning growth with Nike. Um Of course, that is gonna potentially be the next driver for a lot of these athletic apparel and retail companies here. -- WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of co-founder Adam Neumann.

Today's rally isn't a durable bull run, but is driven by investors who want to "grasp the suds of yesterday's bubble," John Hussman wrote.TORONTO — Royal Bank of Canada says it's rewarding shareholders as its second-quarter profit rose from last year and it successfully closed its HSBC Canada acquisition.3 Stocks Set for Dividend Increases This Year

 

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