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Goldman Sachs analyst Kate McShane provided an update on digital trends at Foot Locker, Inc. (NYSE:FL) and new card-scanning rules at Costco Wholesale Corporation (NASDAQ:COST). Foot Locker: The analyst says that Goldman Sachs’ analysis following the re-launch of the FLX rewards program in June 2024 shows that monthly app downloads in July 2024 reached 191K, up from 121K in June 2024 and 167K in July 2023 but below the monthly average of 218K since January 2019. McShane writes that app downloads turned positive in June 2024 on Y/Y basis, with a +10% increase in both June and July 2024, marking the first positive inflection since November 2022. As per the conversation with the management, the analyst says that the company views this as a multi-year initiative, with 2024 focused on educating both customers and employees about the program. Foot Locker will launch a redesigned app ...


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