Shares of Foot Locker crashed nearly 35% on Friday, a loss of about $950 million in market value.
You might initially think that’s because of the ongoing global supply chain issues caused by COVID-19, but that isn’t the case.been shifting sales away from retail outlets and towards its own stores
Now it looks like Foot Locker will be added to that list as well. The retail shoe chain, which has a corporate office in Camp Hill, announced last week that no single vendor is expected to represent more than 60% of its business this year, according toFor comparison’s sake, Nike represented 70% of sales in 2021 and 75% in 2020.
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