Tag: $Foot Locker

Foot Locker shares plunge 30% as it slashes guidance and blames ‘consumer softness’

Foot Locker’s sales fell 9.9% during its fiscal second quarter, and it attributed the decline to ongoing “consumer softness.”

Foot Locker slumps as weak demand, heavy discounts drive annual forecast cut

Shares of Foot Locker Inc plunged 25% premarket on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.