Is Foot Locker Stock a Buy?
It's a tempting pick to be sure. Athletic footwear and apparel retailer Foot Locker (NYSE: FL) looks like it will survive the coronavirus pandemic that's rattled -- and shuttered -- a slew of competing retailers. Once COVID-19 is in the rearview mirror, the 3,113-store chain could arguably be in an even better position than it was in before.
However, the fact of the matter is that Foot Locker was running into headwinds even before the coronavirus contagion took hold. Assuming consumers are even slightly more wary of visiting a mall or shopping center than they were as recently as late last year, this footwear icon just doesn't offer enough reward potential compared to its risks.
Image source: Getty Images.
Source Fool.com
