Foot Locker's Turnaround Gains Momentum with Strong Q1 Earnings

Foot Locker's turnaround efforts are showing positive signs, with a smaller-than-expected decline in comparable sales and a 15% surge in shares. CEO Mary Dillon highlights the success of the company's Lace Up Plan, revamped rewards program, and mobile app. Despite challenges like inflation and fluctuating brand partnerships, Foot Locker's average selling price rose, indicating consumer willingness to pay full price for desirable products. The company is also revamping its stores to attract top brands and customers.