Footlocker reported some low numbers today nearly a 25% decrease in shares price which just might have investors upset.
CEO Richard Johnson stated “the limited availability of innovative new products” as sales fell a shocking 6% in the second quarter, partly due to a decrease in sales of Nike products and specifically its premium, higher-end products. adidas seems to be the exception as they continue to gain more U.S. market share from its primary competitors, with sales of new and retro product climbing upwards.
Nike is still a core performance innovation company that still relies on marketing retro products
