Financial

Foot Locker shares take hit on waning Nike product assortment

By Bob McGee, Eugenio Di Maria 2022-02-28T05:32:00

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Foot Locker’s share price fell by $12.30, or 29.7 percent, on Friday after the retailer told investors that its allocation of key Nike products would decline this year to no more than 55 percent of its overall merchandise assortment by the fourth quarter, adding that its 2022 outlook will fall ...

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