Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers held back their spending ahead of the holiday season, we saw a meaningful and positive acceleration over the key Thanksgiving week period, especially in stores,” Dillon said Wednesday (Dec. 4) during the company’s third-quarter earnings call. “We’re taking a more cautious view and are lowering our full-year sales and earnings outlook due to a more promotional environment and softer consumer demand outside of key selling periods. We remain focused on unlocking opportunities through our new Reimagined stores and refresh program, revamped digital experience, including the recent launch of our new mobile app, and stronger customer engagement through our enhanced FLX Rewards program.”. Enhancing Customer Engagement

Foot Locker is reportedly expanding the “Home Court” basketball sections it launched with Nike. The expansion is part of an effort by the sports apparel retailer and the sneaker giant to fix their damaged relationship, Bloomberg News reported Tuesday (Dec. 3). According to the report, Foot Locker plans to launch the new sections — which feature digital wallets where customers can test a sneaker’s performance with vertical jumps — in 100 stores around the world by 2026

Intech Investment Management LLC invests $829,000 in Foot Locker, Inc. (NYSE:FL).