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Shares of Foot Locker plummet, as earnings miss Wall Street estimates

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The retailer is under pressure as shoe companies, like Nike, have worked to sell directly to its customers, bypassing retailers all together.

Meantime, the broader shoe industry is facing its own challenges, as President Trump has threatened to lodge a tariff on footwear imported on China.Shares of

plummeted nearly 16 percent in morning trading Friday, as the shoe retailer's fiscal first-quarter earnings missed Wall Street profit and revenue estimates.

 

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mr_jettlife

This thereal_shampoo fault for being a defunct sneaker head

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منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

U.S. stocks drop late in session on trade uncertaintyWall Street shares extended losses in late trade on Friday after CNBC reported t... 25,700 dow; it's all good folks. ahha time to buy.
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »