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It's official: Nike, Inc. NKE and Foot Locker, Inc. FL are back together.
Earlier this year, Foot Locker hinted that Nike's focus on direct-to-consumer sales was straining its own inventory. Foot Locker's CEO Richard Johnson lamented the "limited availability of innovative new products," without naming names, in the retailer's second-quarter earnings call. But whatever rough patch Foot Locker was going through, it's over now.