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Foot Locker Looks Set to Move Higher as Sneaker Sales Surge

Bryan Ashenberg, CFA
3/13/14 4:01 PM EDT
Trifecta Stocks' Bryan Ashenberg says shares of Foot Locker may be positioned to move higher as the footwear retailer launches plans in 2014 to remodel 320 stores. Ashenberg says this could be a big win for Foot Locker because the company has seen a big bump in traffic and sales at stores that have already been remodeled. In its latest quarter, Foot Locker posted quarterly results which blew past forecasts and issued bullish guidance for the current year.
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