Foot Locker Outlook Weighed Down by Discounts, Weak Demand
The retailer forecasted lower-than-expected earnings for the year, citing weaker consumer demand and increased competition for budget-conscious shoppers, sending its stock down over 20 percent this year.
The retailer forecasted lower-than-expected earnings for the year, citing weaker consumer demand and increased competition for budget-conscious shoppers, sending its stock down over 20 percent this year.
