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Foot Locker shares jump 11 percent as basketball shoe sales regain footing – CNBC

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Foot Locker reported an acceleration in sales from the first quarter.

Source: Foot Locker shares jump 11 percent as basketball shoe sales regain footing

A few days ago I wrote this post: 10 NBA Stories That Will Repair The Broken Basketball Sales Machine. My goal was to state that basketball sales have a real chance to recover after struggling and hindering the margins of footwear companies. This source link is sharing information, but I don’t have the ability to know if it’s as accurate as it can be and we won’t know until the end of the 4th Quarter if basketball has actually rebounded. Click my link to read my 10 reasons and use the Source link to see how Basketball shoe sales have regained footing.