“On a strategic level, we are confident in the strength of our partnership with Nike,” Dillon assured analysts, and that despite recent softness as the company rebalances its product mix and inventory levels, Foot Locker ( FL) remains confident in Nike’s ( NKE) actions to benefit the brand as well as on the overall industry and partnership.

Foot Locker executives said on Wednesday they are working closely with Nike to emphasize its newer styles, including Vomero and Air DT Max shoe models, amid "softness" in demand for the sneaker giant's products as the holiday shopping season begins.