The Foot Locker CEO, sporting gold Nike Air Max 97 sneakers, announced a renewed partnership with Nike at the company's investor day.

Nike renews partnership with Foot Locker after dropping retailers for direct sales “My team and I have spent a great deal of time with Nike revitalizing our partnership, developing a shared ...

For example, Nike (NKE 2.31%) shares are down 8%, while Foot Locker (FL-0.15%) stock has dropped an alarming 33%. For those investors looking at beaten-down stocks for potential opportunities ...