Foot Locker posted a Q2 net loss of $38 million as sales fell 2.4 per cent to $1.85 billion, with comparable sales down 2 per cent.
North America rose 1.4 per cent but Europe and Asia Pacific dropped 10.3 per cent.
Gross margin slipped 50 bps and SG&A deleveraged.
The retailer closed 11 stores, ending with 2,354.
Shareholders approved its $8.6 billion sale to Dick’s, set to close September 8.Foot Locker posted a Q2 net loss of $38 million as sales fell 2.4 per cent to $1.85 billion, with comparable sales down 2 per cent.
North America rose 1.4 per cent but Europe and Asia Pacific dropped 10.3 per cent.
Gross margin slipped 50 bps and SG&A deleveraged.
The retailer closed 11 stores, ending with 2,354.
Shareholders approved its $8.6 billion sale to Dick’s, set to close September 8.
