Foot Locker‘s first quarter sales are in and the athletic apparel retailer isn’t pleased with the results. Footwear News is reporting that Foot Locker’s shares are down 15% and profits have fallen 5.8%. Revenues did reportedly increase slightly, though the gains were less than 1%. As the retail industry continues to plummet, Foot Locker’s CEO Dick Johnson expressed to shareholders that he was “not satisfied” with his company’s first quarter outcome.
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