Consumer
Foot Locker Shares Rise as Firm Sees Limited Tariff Exposure
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Foot Locker Inc., the struggling sneaker chain, faces limited direct exposure to new US-imposed tariffs, with executives calling their impact small to moderate.
While Chinese goods make up roughly half of the retailer’s private-label business, across the entire company “it’s really a low single-digit percentage of our sales,” Chief Financial Officer Mike Baughn said on Wednesday.