Foot Locker shares plunge after weak sales

Foot Locker shares plunge after weak sales
 

Investors dumped Foot Locker like a stinky pair of trainers after the firm reported slow quarterly sales.
The New York athletic-wear chain said sales in the February-to-April period rose 0.5% from 2016 at stores open at least a year.
The news sent shares of the company down 15% in trade on Friday morning.
Chief executive Richard Johnson said he was "not satisfied" with the results. The firm is crafting a "plan B" for the year, focused on controlling costs.
Total Foot Locker sales topped $2bn, up 0.7% year-on-year, thanks to some new stores.
But delayed tax refunds in the... read more

 
19 May 2017 in Business, Views: 38
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
    1 2 3 4 5 6 7
    8 9 10 11 12 13 14
    15 16 17 18 19 20 21
    22 23 24 25 26 27 28
    29 30 31