What Nike’s Jordan pullback means for Foot Locker
With Jordan accounting for roughly 25% of Foot Locker’s revenue, the athletics retailer will have some gaps to fill next year.
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With Jordan accounting for roughly 25% of Foot Locker’s revenue, the athletics retailer will have some gaps to fill next year.
Three years ago, Nike executives touted “strong growth” across Converse and Jordan Brand. Now, both are declining by double digits — and so is China.
The brand is releasing a line of strength training products inspired by Michael Jordan, even as Nike says it is overindexed with its classic footwear franchises.