Foot Locker shares fall amid weak sales forecast and pledges to cut Nike purchases

For Foot Locker Inc., breaking the Nike habit is tough.

Shares of the New York-based footwear and apparel retailer fell more than 20% in premarket trading on Friday after the company said it expected lower sales and profits this year due to its business redesign efforts. He also said he did not expect the same increase in consumer bank accounts from government stimulus in 2022 as the year before.


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