News Formal

Breitbart Business Digest: Foot Locker Is Losing a Race Against Bidenflation

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

If Biden's economic programs really were working to grow the economy 'from the bottom up and the middle out,' Foot Locker would be thriving.

Foot Locker.

Back-to-back guidance downgrades have shaken confidence in the ability of the company to manage through the economic cycle and“We did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers, while still leaning into the strategic investments that drive our Lace Up plan,” CEOIt’s a bit surprising that investors were caught so flat-footed when it comes to the giant shoe retailer.

Athletic footwear is offered for sale at a Foot Locker store on August 2, 2021 in Chicago, Illinois.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foot Locker's stock tumbles 28% as company suspends dividend after swinging to a lossFoot Locker posted a surprise loss for its second quarter, sales that fell short of estimates and cut its guidance.
Source: MarketWatch - 🏆 3. / 97 Read more »