Foot Locker, Inc. (NYSE:FL)
CAPS Rating:
A retailer of athletic footwear and apparel, through its subsidiaries, operates in two reportable segments - Athletic Stores and Direct-to-Customers.
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A retailer of athletic footwear and apparel, through its subsidiaries, operates in two reportable segments - Athletic Stores and Direct-to-Customers.
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Classic value play. However I am concerned with their merchandising strategy which can be seen in their rising inventory levels. It could have difficulty in the near term, but the low levels of debt is a definite plus and the nice cash position should help them ride out a recession.