- Foot Locker CEO Mary Dillon touted a "renewed" and revitalized relationship with Nike, including an emphasis on "sneaker culture."
- Foot Locker also reported quarterly earnings and offered guidance for the fiscal year.
- Nike had moved away from its wholesale relationships so it could build out its direct to consumer channels, but ended up with a glut of inventory.
( https://www.cnbc.com/amp/2023/03/20/foot-locker-renewed-nike-relationship.html )