Foot Locker (FL) Goldman Sachs 31st Annual Global Retailing Conference summary

Consumer trends and category prioritization

• Younger, multi-ethnic, lower-income consumers are prioritizing footwear despite economic pressures, especially during peak periods like back-to-school and holidays.

• Customers are willing to pay full price for new and innovative products, with global comps up 0.6% and higher average unit retail.

• Proprietary surveys confirm customers are prioritizing footwear over other discretionary categories.

Product innovation and brand diversification

• The brand portfolio is more diversified and innovative than ever, with strong contributions from Nike, Jordan, Adidas, New Balance, On, HOKA, ASICS, BROOKS, and even Crocs.

• New styles and collaborations, such as with Crocs and Marvel, are driving cultural relevance and sales.

• Pre-game and lifestyle footwear occasions are expanding, increasing sneaker usage.

Vendor relationships and portfolio balance

• Nike remains a key partner, with a return to growth and favorable launch calendar expected in Q4.

• 40% of business now comes from a diverse set of other brands, with a focus on consumer insights and multi-year growth plans.

• Data sharing and commercial insights are strengthening vendor partnerships and driving incremental growth.