Foot Locker's Q4 results reveal struggle to attract ‘cautious' Gen Alpha, Gen Z shoppers
1. Foot Locker's sales dropped 5.8% due to cautious Gen Z and Gen Alpha spending. 2. Nike's discounts have led younger consumers to prefer their offerings over Foot Locker. 3. Foot Locker aims to boost revenue from $8 billion to $10 billion by 2026. 4. The company is restructuring by closing 47 stores and refreshing 160 locations. 5. CEO Mary Dillon emphasizes enhancing customer experience and technology investment.