Foot Locker's CEO Dismisses Retail Downfall

Despite announcing the closure of more than 100 retail stores back in March, Foot Locker's CEO Dick Johnson says that the company is doing just fine. In fact, Foot Locker's plan to open 40 more stores was perhaps the significant part of the story, which was overlooked by headlines aiming to emphasize the retail apocalypse. Johnson stated during a summit held by the Footwear Distributors and Retailers of America (FDRA) that the new locations are "going to be really special places for our consumer...