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When Foot Locker told the world that Nike was cutting back on the shoes the retailer could sell, it forfeited $950m in value overnight. Foot Locker has since repaired some of the damage to its stock price, but the same can’t be said for the brand, says Frankie Margotta, a strategist at Siegel+Gale – or its place in culture.
/PRNewswire/ Market Overview According to ReAnIn, the global athletic footwear market was valued at USD 95.2 billion in the year 2021 and is projected to.