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Considering Buying Foot Locker Stock? Read This First.

TheMotleyFool

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Considering Buying Foot Locker Stock? Read This First.: https://g.foolcdn.com/editorial/images/745662/shopping-for-sneakers-nike-addidas-athletic-apparel.jpg

Foot Locker (NYSE: FL) shares might seem like a tempting bargain right now. The footwear specialist's stock price is down more than 51% so far in 2023, compared with a 17.4% spike in the S&P 500.

Sure, Foot Locker is seeing weak demand today, and earnings are being pressured by aggressive promotions by rival retailers. But these poor industry conditions won't last forever, and management is optimistic about their rebound strategy for the holiday season and beyond.

Investors shouldn't jump into this turnaround story, though. There are better ways to gain exposure to this industry. Let's take a closer look.

Source Fool.com

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