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

Continue reading

Source Fool.com