NKE - Why Foot Locker Shares Are Rising | Benzinga
Foot Locker Inc (NYSE: FL) shares are trading higher by 4.8% to $17.78 during Friday's session. Shares of footwear and athletic apparel companies are trading higher in sympathy with Nike Inc (NYSE: NKE), which reported first-quarter results.
Why It Matters
Foot Locker is a major retailer of athletic footwear and apparel, and Nike is one of its key suppliers. When Nike performs well ...