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Shares of Foot Locker (NYSE: FL) were rising today in tandem with two fellow footwear stocks, Caleres (NYSE: CAL) and Genesco (NYSE: GCO) , which reported better-than-expected earnings reports today.
While there was no company-specific news out on Foot Locker, the gains at Caleres and Genesco seemed to signal a potential turnaround in the footwear retail sector after recent struggles.
Foot Locker stock closed up 5.8%, while Caleres gained 16% and Genseco jumped 17.6%.