Foot Locker, Inc. (NYSE:FL) Q3 2023 Earnings Call Transcript

Mary Dillon: Well, I mean, I guess I would say we would reiterate that our part of our Lace Up plan is really shifting the portfolio, right, investing in key banners and actually what I’d say, mainly the big difference being Foot Locker increasing the number of stores that we have off-mall as a percent of total as well as our new formats of community in the power doors, so we’re — as well as how to play for Kids Foot Locker. So, there is format shifts that we are still on the path on for our Lace Up plan that early indications are that they are actually outperforming the rest of the comp, the fleet, which is great. We also mentioned that we’re doing some store refreshes right now that we’re pulling forward as rapidly as we can to really increase just the overall visual storytelling inside the store, the shopability and that’s early days, but we’re actually seeing that as quite positive and in the case of Champs also realigning and really focusing on the active athlete.

So, we’re doing kind of many things in process in terms of refreshing the current store fleet as well as and continuing to introduce new formats, consistent with the Lace Up plan targets that we communicated before.

Gabriella Carbone: Perfect. Thank you so much for that.

Operator: Thank you. I would like to turn the call back to Mary Dillon for closing remarks.

Mary Dillon: Thank you for joining us today. And I’d just like to close by thanking our over 45,000 Foot Locker employees in particular our striper community as they get our stores, website, and DCs ready for the remainder of the holiday season. We look forward to updating you on our progress next quarter and Happy Holidays to everybody listening. Thank you.

Operator: This concludes today’s conference. Thank you for participating. You may now disconnect.