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Foot Locker’s New CEO Plots Route to $9.5 Billion in Sales

Retailer’s projected sales gains outpace Wall Street estimates
Underperforming stores to close in move away from malls

Mary Dillon
Photographer: Tommaso Boddi/Getty Images

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By Kim Bhasin

March 20, 2023 at 3:20 PM UTC

Updated on

March 20, 2023 at 3:47 PM UTC

Foot Locker Inc.’s new chief executive officer has unveiled a turnaround plan for the shoe retailer that hopes to break $9.5 billion in annual sales by 2026.

Mary Dillon, who took the top job in September, and her senior executives told investors and analysts in a presentation on Monday that they will open new store formats away from shopping malls, push a loyalty program and pump investment into technology.