Shares of Foot Locker fell as much as 20% on Wednesday ... week that it would stock plenty of basic favorites, such as Nike fleece clothing, for last-minute shoppers. But when discussing sneakers ...

Mary Dillon, the former Ulta Beauty boss who took over Foot Locker in 2022, blamed the earnings misses on soft demand for Nike sneakers and more promotions than expected across the industry.

Problems at Nike are bleeding into one of the brand’s top wholesale partners: Foot Locker. The sneaker chain’s stock dropped on Wednesday morning after it reported a sales and earnings miss in ...

Foot Locker slashed its full-year guidance Wednesday after reporting a rough set of quarterly results that could be a warning sign for its largest brand partner Nike. The sneaker giant fell short ...