Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

Nike Pullback Hits Foot Locker Stock Hard

The past year has brought increased scrutiny throughout the fashion supply chain, specifically within the textile industry. Join our webinar “Brace for Impact: Addressing Impact in Your Supply Network & Product” March 8 to learn what to do.

Foot Locker shares plummeted Friday morning as Nike’s plans to pull back on shipments prompted the retailer to forecast declining sales for 2022. The company expects revenue will fall 4 percent to 6 percent in full-year 2022. Comparable sales are forecasted to drop 8 percent to 10 percent. Though the company did not parse out…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!