You get to try on the shoes at the store before you buy--that is worth something. I might try six pairs of shoes before selecting the right pair to buy.
Buying over the internet is OK as long as the return policy is liberal.
The sneaker and sportswear giant will post results on March 8 for its January quarter. Earnings were stellar in the October period, climbing an outstanding 47% (See my November blog). The likelihood is that several of the same factors that boosted that period’s income helped it again in the January interim. In particular, sales and productivity jumped on demand for basketball shoes. In fact, sales per square foot have been on the upturn, fueled by the closure of less productive locations and relocations.
The top gainers in same-store revenues among FL’s brands have been Kids Foot Locker, Champs Sports, and domestic Foot Locker. Elsewhere, Europe, where it is adding locations, and Lady Foot Locker, have struggled a bit. Analysts believe earnings were $0.72 a share in the January quarter, reflecting a $0.17 advance. For 2013, the efficiency measures should have a continued positive effect on profits. If fashion trends remain favorable, Foot Locker ought to also benefit on the bottom line from the product margin widening.
In all, sales growth without an increasing base of stores is a recipe for positive earnings gains. Foot Locker has revived its business through this strategy, and the stock could thus still have near-term appreciation potential. Like BGFV, it too offers a yield around 2%.
Began accumulating on friday, dividend raise, very good report likely on march 8th this is a great stock to get in on this next week if we get some down days because of the sequester drama. Fl will be around $37 when it reports and will get a new 52 high after it reports