Foot Locker’s Post

For the past 10 years, Footlocker’s market value declined by -45% vs VOO’s +171%. Nike has decreased its reliance on Foot Locker. Foot Locker has countered this decrease in reliance by acquiring some other brands to distribute such as WSS (athletic footwear and apparel retailer Eurostar) and atmos (Japanese retailer, which sells premium sneakers and apparel). It was the largest sports wear distributor in the world but somehow this does not seem to be a durable moat. As of May 4, 2024, FL managed 2,490 stores across 26 countries in North America, Europe, Asia, Australia, and New Zealand. Let’s see if Mary Dillon (who was from Alta Beauty) can turn Foot Locker around. At Value Investing Academy, We Care to Make You a Better Investor. #GrowviaViA #ValueInvesting #ValueInvestingAcademy #Stocks

Why would someone be interested in a retailer with declining sales? Real Estate. A company like Macy's has a massive real estate portfolio that could be just as valuable, and possibly more valuable, than it's retail operations. This is also true for franchised new car dealers. We see many deals where dealers can sell their real estate and get a blue for "free". Why wouldn't you like to own a a cash flowing business with no money out of pocket? Legacy Automotive Capital

We proudly share Max Stock’s 4Q23 & FY2023 financial results. “Our merchandising expertise continues to drive positive same-store sales gains while overall growth is also being fuelled by our store expansion plans. We achieved greater improvement in profitability, with fourth quarter and full-year adjusted EBITDA increasing in the mid-teens and low double digits, on a percentage basis, respectively. We look forward to building on our current momentum in 2024", Ori Max - Max Stock’s Founder & CEO, commented.   Our FY2023 numbers: 🛍️ 2.4% increase in same-store sales 🛍️ 6.7% increase in annual revenue to ILS 1.12 billion 🛍️ 9.1% increase in operating cash flow to ILS 219.3 million 🛍️ 10.5% increase in adjusted EBITDA to ILS 151.4 million 🛍️ 26.2% increase in GAAP net income to ILS 81 million 🛍️ A special one-time dividend of ILS 60 million   View Max Stock’s full presentation on our investor website – https://lnkd.in/g8dazEkE   Read the full story on Calcalist (He) - https://lnkd.in/gsJyQ26p

Looks like the Thanksgiving parade is still on. Any buyout talks for Macy's with Arkhouse and Brigade is over. Uncertainty around how the investment firms would finance such a takeover was enough to pull the plug on further discussions. For months, Arkhouse and Brigade dangled a high-highfalutin carrot that had shareholders chomping at the bit - acquiring Macy’s in a deal valued at $6.6 billion, or $24 per share cash. But it seems that when it came time to put the pedal to the metal, the investment firms couldn't come through. Like many private equity takeover deals involving retail, the harsh reality is the Arkhouse and Brigade's plans were based on monetizing Macy’s real estate assets for short term gain. In other words, they planned to sell off assets rather than investing in the retailer's long-term future. We saw the same issue with Kohl's as activist investors pushed the retailer to open itself to acquisition offers where the core plan was to sell off real estate holdings. In Macy's case, that would be at odds with the retailer's turnaround plans which includes pivoting to luxury sales and accelerating the expansion of its new, small-format stores. Macy's isn't out of the woods with falling sales due to inflation. The turnaround plan may be in place, but only time will tell if it works https://cnb.cx/469aYd9 #macys #retail #investment #acquisition #business #realestate

'Focusing on small wins by breaking culture down into subsets has a butterfly effect.' Want to think more strategically about culture to gain a competitive advantage? Our Head of Wholesale Business Partners, Raza Baloch, had some words of wisdom to share at #commsvsison2023. Read the full article now: https://vmo2.co/4adaqEI

Next CEO Lord Simon Wolfson was tight-lipped on whether the high street giant would step in with struggling retailers Ted Baker, Superdry and Matches, as it posted “record” results. Find out more below. #Next #retailnews #retailer #highstreet #fashionnews

AutoZone just announced its board has authorized the repurchase of an extra $2 billion of the company’s common stock as part of an ongoing buyback program. AutoZone’s ability to generate strong free cash flow like this allows them to drive top-line growth while maintaining good liquidity. If you are a buyer or seller of investment retail real estate, market knowledge of which retailers are in a strong growth phase is crucial to maximize your investment dollars. NNN Trends is your go-to resource for updated cap rates (both nationally and regionally), comparable sales, and consumer traffic for top locations across the U.S. Check it out here: https://bit.ly/3GT9Nms #AutoZone #CRE #CommercialRealEstate #CapRates #NetLease #Retail

Next CEO Lord Simon Wolfson was tight-lipped on whether the high street giant would step in with struggling retailers Ted Baker, Superdry and Matches, as it posted “record” results. Find out more below. #Next #retailnews #retailer #highstreet #fashionnews

"JOANN is facing some very challenging times, but bankruptcy does not appear to be the only path forward," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "This retailer still generated $454 M of revenue in their latest quarterly results. Yes, they’re losing money and they need to cut spending to show progress on the profitability front — they can worry about growth when they stabilize the business. They’re also operating with no permanent CEO. They need to get their leadership house in order. But despite these challenges, JOANN caters to a loyal and dedicated market of crafters and this is critical to their survival and turnaround." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Neil Saunders, Lucille DeHart, Nikki Baird, Jenn McMillen CLMP, Jeff Sward, Allison McCabe, Georganne Bender, Melissa Minkow, Ken Morris, Doug Garnett, and Mark Self.