Despite weathering several constraints related to the COVID-19 pandemic, indeed perhaps because of them, the footwear industry is in a reshaping mode, thanks to expanded digital platforms, rising consumer spending, and pent-up demand. However, to us the sneaker giant Nike (NYSE:NKE) doesn’t look fit enough financially to capitalize on the industry tailwinds. So, we think it could be worth betting instead on footwear stocks Foot Locker (NYSE:FL), Shoe Carnival (NASDAQ:SCVL), and Caleres (NYSE:CAL), which possess strong fundamentals.
