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.

Foot Locker Feels the Sting of Nike’s DTC Push

03:09pm, Friday, 25'th Feb 2022 Yahoo Finance
Foot Locker on Friday posted a bleak outlook for 2022, largely due to the impact of one of the company''s vendors making an "accelerated strategic shift to DTC." Foot Locker said as a result, no single vendor will represent more than 55% of total supplier spend, down from 65% last year.

Foot Locker Shares Tumble

03:09pm, Friday, 25'th Feb 2022 The Wall Street Journal
The retailer said it expects weaker sales and profits due to efforts to overhaul its business. Foot Locker didn’t name Nike in its earnings statement, but the sneaker maker is playing a role.

Nike''s online shadow hangs over Foot Locker and peers

02:53pm, Friday, 25'th Feb 2022 Seeking Alpha
Foot Locker (FL) plunged 26.55% at the open on Friday after the retailer warned that it will not sell as many products from Nike and warned on lapping some sales comparisons. Read more.

Foot Locker shares slump as Nike business dents 2022 forecasts

02:46pm, Friday, 25'th Feb 2022 Investing.com
https://www.investing.com/news/stock-market-news/foot-locker-shares-slump-as-nike-business-dents-2022-forecasts-2772510
(Reuters) – Shares of Foot Locker Inc plunged more than 25% on Friday, touching their lowest level in nearly 1-1/2 years, after the footwear retailer issued dour sales and profit forecasts for 2022 on expectations of selling fewer Nike products. The retailer said no single supplier is expected to account for more than about 60% … Read More
After Thursday''s invasion of Ukraine, markets first sunk and then rose to close with all three major indexes posting gains for the day. Friday''s premarket was indicating a lower start again.
Foot Locker shares are tumbling after the retailer forecast revenue to drop in 2022.
About 4,000 pairs of trainers worth £400,000 were taken from a lorry parked at a service station.

Nike footwear worth £400,000 stolen from lorry

12:19pm, Friday, 25'th Feb 2022 Wales Online
It happened at a motorway services

Nike footwear worth £400,000 stolen from lorry at motorway services

11:55am, Friday, 25'th Feb 2022 Evening Standard
Police said around 4,000 pairs were taken in an overnight raid at Abington Services Interchange on the M74 in South Lanarkshire.

Manhunt launched after brazen thieves nick £400k worth of Nike trainers

11:46am, Friday, 25'th Feb 2022 Glasgow Evening Times
THIEVES have nabbed £400,000 worth of Nike trainers at a motorway service station.
THIEVES have nabbed £400,000 worth of Nike trainers at a motorway service station.
MASON Greenwood has been removed from Football Manager 2022 after his rape arrest. The Man Utd striker, 20, has already been removed from Fifa 22 and dropped by sponsors Nike in the wake of the allegations. Now Football Manager 2022 has confirmed Greenwood will not feature after their recent winter update. Sports Interactive confirmed in […]
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