Foot Locker Stock News

Shares of Foot Locker fell by as much as 35% during trading on Wall Street on Friday as the company said it expects profits to take a hit thanks to Nike''s new strategy of selling direct to consumers.

Nike''s direct-to-consumer strategy is driving a new merchandise strategy at Foot Locker that is impacting guidance and driving investor concern.

Nike may be playing games with Foot Locker.

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Shares of Foot Locker Inc plunged as much as 36% on Friday following a bleak full-year forecast that underlined the footwear retailer''s struggles as biggest supplier Nike Inc ramps up selling directly to customers.

Analysts have provided the following ratings for Foot Locker (NYSE: FL ) within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2 1 0 Last 30D 0 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 1 0 1 1 0 3M Ago 0 0 0 0 0 These 4 analysts have an average price target of $49.0 versus the current price of Foot Locker at $26.81, implying upside. Below is a summary of how these 4 analysts rated Foot Locker over the past 3 months. The greater the number of bullish ratings, the … Full story available on Benzinga.com

Foot Locker''s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this year. The culprit: Nike.

Foot Locker''s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this year. The culprit: Nike.

Yahoo Finance's Julie Hyman and Brian Sozzi discuss why Foot Locker stock is plummeting despite the shoe retailer's earnings beat.

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Shares of Foot Locker fell by as much as 35% during trading on Wall Street on Friday as the company said it expects profits to take a hit thanks to Nike's new strategy of selling direct to consumers.

U.S. and European stocks surged and the Nasdaq is looking at a weekly gain while Etsy shares are rising on solid earnings

Foot Locker Inc.'s stock plunged 31.5% on Friday as the athletic retailer unveiled a merchandise plan that includes less Nike Inc. gear.