Foot Locker shares plunge 9% on soft holiday demand — especially for Nike products
Foot Locker’s CEO blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.
Foot Locker shares tumble as it issues gloomy holiday outlook, sees 'softness' at Nike
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
Foot Locker shares sink after weak quarterly results
Foot Locker shares sank on Wednesday after the sports retail company lowered its full-year sales and earnings outlook. Total sales for the quarter slipped 1.4% to $1.96 billion.
Foot Locker stock drops 20% on Nike concerns
Foot Locker reports a weak Q3 and lowers full-year guidance. CEO Dillon cites softness at Nike for the disappointing results.
Foot Locker to Emphasize Newer Nike Styles at Stores Amid Soft Demand for Its Shoes
(Reuters) - 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.
Facing Nike ‘softness,’ Foot Locker sales fall 1.4%
CEO Mary Dillon said the retailer has made progress on its strategy, but was hurt by a more cautious consumer.
Foot Locker issues gloomy holiday outlook, blames soft consumer demand
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
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