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A New CEO Could Put the Spring Back in This Company's Step

TheMotleyFool

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A New CEO Could Put the Spring Back in This Company's Step: https://g.foolcdn.com/editorial/images/697512/sneaker-shopping-shoe-store-foot-locker.jpg

News that Mary Dillon is taking over as Foot Locker's (NYSE: FL) new CEO propelled the stock to a 20% gain on Friday. Shares of the footwear retailer are now up 60% from their 52-week low, and the market seems enthusiastic about the former Ulta Beauty (NASDAQ: ULTA) CEO taking the reins.

But Dillon will have some major challenges to contend with -- let's look at them.

Image source: Getty Images

Source Fool.com

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