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About Foot Locker
Foot Locker’s recent earnings report has triggered a massive sell-off after the company cut its expectations of Nike sales. While many are concerned about Foot Locker’s long-term prospects, I remain convinced that the company still has many avenues for growth. In addition, I believe that the recent sell-off has brought the share price to a very attractive valuation.
Foot Locker’s stock has lost more than half of its value since May 2021 and Foot Locker is now trading below their book value. It indicates that Foot Locker is now cheap but just because it is cheap, it doesn’t necessarily mean that it is worth a buy. In this analysis I will share my thoughts on Foot Locker and decide if it is a buy or not for me.
This is not a financial advice. I am not a financial advisor and I only do these post in order to do my own analysis and elaborate about my decisions, especially for my copiers and followers. If you consider investing in any of the ideas I present, you should do your own research or contact a professional financial advisor, as all investing comes with a risk of losing money. You are also more than welcome to copy me.
Foot Locker Product Review
Nike Air Force 1 Shadow
The Iconic Air Force 1, Reimagined
With fashion in mind, the Nike Women’s Air Force 1 Shadow follows in the footsteps of its iconic predecessor, maintaining the functionality and sturdiness of the original and adding bold elements that employ strength, fearlessness, and energy. It’s fitting that Nike created a shoe to honor women who serve as true purveyors of change in their communities.
A Modern Shoe for the Modern Woman
From its chunky silhouette to its bold upper, this striking sneaker looks great with anything in your closet! Easily one of the most versatile interpretations of the AF1 in existence, its key design point centers around layering. The “shadow” effect is courtesy of the multiple Swooshes and duplicated design elements, including two back tabs and two eyestays, for an unusual, fresh, and contemporary look.
Nike Women’s Air Force 1 Shadow features:
- Smooth, leather-and-synthetic upper for an updated take on an enduring favorite.
- Two eyestays to lock laces in for a more secure fit.
- Foam midsole promotes consistent comfort with every step.
- Two mudguards for double protection against the elements.
- Double Swoosh branding for a fun, contemporary look.
- Pair of back tabs for added aesthetic appeal.
- Deeply grooved outsoles provide optimal traction.
Jordan Retro 3
An Icon for All Ages
The Air Jordan 3 is one of the most celebrated and beloved sneakers of all time, so it’s only right that sneakerheads of all ages have a chance to wear a pair.
The Boys’ Air Jordan 3 Retro features the same unmistakable design of the men’s edition, sized down for the younger generation of Jordan sneaker fanatics.
Everything you know and love about the original Air Jordan 3 from 1988 is there: the full-grain leather upper, signature plastic shoelace eyelets, large Jumpman branding on the tongue, a visible Nike Air unit in the heel, and of course, the iconic elephant print paneling that wraps the toe and heel.
A Historic Legacy
Legendary Nike designer Tinker Hatfield truly created a sneaker for the ages with the Air Jordan 3. In fact, his bold design for the Jordan 3, which introduced the exotic elephant print to the Air Jordan line, helped convince Michael Jordan to extend his contract with Nike when the young superstar was considering moving on to another brand in 1988. One look at the design, and MJ was ready to stay put with the Swoosh.
Without Hatfield, the course of sneaker history could be drastically different today. This retro edition honors the legacy of the original, recreating the timeless style of the original Air Jordan 3 for modern times.
The Boys’ Air Jordan 3 Retro is available in a variety of original colorways that Jordan made famous on the court in ‘88, a well as all-new color combinations and materials imagined by the Jordan Brand designers of today. While most available colorways are sized-down editions of the men’s releases, select colorways of the Boys’ Air Jordan 3 Retro are exclusive to kids.
- Full-grain leather upper for classic look of the original model.
- Internal customizable lacing system for added support.
- One-piece inner lining for seamless comfort.
- Iconic elephant print paneling on the toe and heel.
- Polyurethane midsole with large volume Air-Sole® heel unit for cushioning and style.
- Durable rubber outsole with ample traction.
A classic with a contemporary touch! Born in the 80s, re-celebrated in the 2000s, and reimagined for today’s generation, the PUMA Slipstream brings features of classic B-ball shoes with a fresh look.
Flaunting the iconic formstripe and quarter cage trimmings, these silhouettes offer a striking design that stays true to their original basketball roots. Dominate the streets in style with the PUMA Slipstream.
Tumbled leather upper with suede details on the heel provides a polished finish.
Vintage vibes are strong with this one! Drawing from the DNA of retro runner kicks, the Fila Renno features a nylon base with suede overlays. The reflective design on the heel tab keeps you in the spotlight in any visibility conditions.
Fila Renno features:
- Fila track logo on tongue and heel for a branded look.
- EVA midsole with a mesh EVA insert and TPU midsole topline gives you an uber comfortable ride.
- Rubber outsole delivers powerful traction and ensures durability.
Jordan Retro 1 High OG
The Jordan Retro 1 High OG Mid-Top Basketball Shoe gives you premium comfort with its leather and textile upper providing comfortable durability and a quality look.
This shoe comes with Nike Air cushioning in its heel giving you lightweight and responsive comfort underfoot. The Retro1 High OG is made for movement and allows you great traction while on the court.
- Leather and textile upper.
- Nike Air cushioning in the heel.
- Solid-rubber outsole.