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Saturday, 20 May 2017

FASHION: Foot Locker Turns to Plan B After First Quarter Sales Drop



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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