News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

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:

 /  🏆 12. in ZA
 

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

mr_jettlife

This thereal_shampoo fault for being a defunct sneaker head

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks making the biggest moves premarket: Foot Locker, Amazon, HP Inc, Autodesk & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »