1. Trends & External Forces

Foot Locker Shares Plummet on Profit Projection Disappointment

Written by Posted on Less than 0 min read

Foot Locker’s shares plummeted by approximately 27% on Wednesday following the retailer’s announcement of lower-than-expected profit projections for 2024. The significant drop was driven by plans for increased investments across its operations aimed at stimulating demand.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Channel: Grocery

Kroger To Divest Over 400 Stores in Bid to Close $25 Billion Albertsons Deal

Kroger has announced plans to divest over 400 grocery stores to C&S Wholesale Grocers, a move aimed at gaining regulatory approval for its nearly $25 billion takeover of Albertsons. The deal will bring Kroger approximately $1.9 billion in cash, with the possibility of C&S purchasing an additional 237 stores in specific regions to meet regulatory… […]
< 1 min read
0
  1. Merchandising

Food Packaging With Forever Chemicals No Longer Sold in US

Food packaging coated in forever chemicals will no longer be sold in the United States. The Food and Drug Administration reports that grease-proofing materials containing per- and polyfluoroalkyl substances (PFAS) are being phased out completely. View Original Article Editor's Choice Dept. Grocery Packaging Government RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire […]
< 1 min read
0
  1. Corporate Finance

TJX CEO is ‘very pleased’ with discounter’s quarterly results

TJX, the parent company of HomeGoods, Marshalls and T.J. Maxx, reported sales and earnings that exceeded the retailer’s expectations. President and CEO Ernie Herman said that the company’s “overall pretax margins, merchandise margins and earnings per share were strong” during the most recent quarter and that he was “particularly pleased about our apparel business.” View […]
< 1 min read
0
  1. Trends & External Forces

FTC Fines supplement brand for ‘review hijacking’

The Federal Trade Commission has fined The Bountiful Company, maker of Nature’s Bounty vitamins and supplements, $600,000 for engaging in “review hijacking” by merging multiple products on a single page to make them appear to have better ratings and reviews than they would have on their own. View Original Article Marketing: UGC Government RetailWire Member […]
< 1 min read
0
  1. Department: Consumer Durables

Kyrie Irving is off team Nike

Nike said that Kyrie Irving of the Brooklyn Nets is no longer affiliated with the brand. The decision to end its deal with Mr. Irving follows his public promotion of an antisemitic video. Mr. Irving’s counsel says that the separation from Nike was agreed upon by both parties. View Original Article Dept. Apparel RetailWire Member […]
< 1 min read
0
  1. Trends & External Forces

Ford’s Total EV Sales Post $1.3 Billion Loss in Q1

Ford’s EV division, known as Model e, faced a tough start to 2024. View Original Article Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Technology & Innovation

NHTSA Investigates Tesla Autopilot Again After Recent Software Update

Tesla Autopilot is once again the subject of an NHTSA investigation. View Original Article Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. […]
< 1 min read
0
  1. Department: Nonfood

1,800 Amazon workers pledge to walk off the job today

More than 1,800 Amazon employees, including about 870 in Seattle, plan to walk off the job today to protest the company’s progress on climate issues and its three-day back-to-office mandate. “We respect our employees’ rights to express their opinions,” Amazon said in a statement. View Original Article Amazon Dept. Nonfood Associates RetailWire Member since October […]
< 1 min read
0
  1. Department: Nonfood

Gap is looking to sell or lease Athleta’s office space

Gap Inc. is putting a 162,000-square-foot office up for sale or lease. The building currently houses Athleta. View Original Article Dept. Nonfood RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes […]
< 1 min read
0
  1. Uncategorized

FAA Probes Safety Claims on 787 and 777 Boeing Jets

The Federal Aviation Administration has launched an investigation into serious allegations made by a whistleblower at Boeing. The claims revolve around safety and quality concerns related to the production of the company’s 787 and 777 jets. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Department: Consumer Durables

Amazon is selling t-shirts and toys through mobile games

Amazon.com has begun selling physical merchandise such as t-shirts and toys to mobile game players. The retail, technology and logistics giant has teamed up with the makers of Pokemon Go to offer products related to a new game through its Amazon Anywhere business-to-business program. View Original Article Amazon Dept. Apparel Dept. Nonfood Dept. Toys & […]
< 1 min read
0
  1. Trends & External Forces

Hermès Handbag Class Action Lawsuit Filed in California

A class action lawsuit has been filed against luxury brand Hermès, alleging violations of antitrust laws in California. View Original Article Legal & Criminal Government RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling […]
< 1 min read
0
  1. Channel: Drug

CVS and Walgreens to pay more than $10 billion to settle opioid lawsuits

CVS and Walgreens have agreed to pay more than $10 billion to settle a group of lawsuits brought against them by governments and Native American tribes for failing to take actions to curb the spread of opioids in communities across the U.S. CVS will pay $4.9 billion to states and municipalities and $130 million to […]
< 1 min read
0
  1. Trends & External Forces

The Red Sea Crisis Impacts the Global Economy

One of the world’s major trade arteries, the Red Sea, is effectively shut for an overwhelming majority of container ships. View Original Article Operations & Supply Chain Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Uncategorized

Dr Pepper Releases New Limited Coconut-Flavored Products

Dr Pepper is introducing a new limited-time flavor to its lineup: Dr Pepper Creamy Coconut and Dr Pepper Creamy Coconut Zero Sugar. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling […]
< 1 min read
0
  1. Technology & Innovation

Retailers tinker with ChatGPT to improve customer experiences

ChatGPT uses a real language model to understand queries and can learn the needs of retail customers. These are two reasons retailers are beginning to deploy the artificial intelligence-powered chatbot tech. View Original Article Shoppers ChatGPT Marketing: Voice Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier […]
< 1 min read
0
  1. ESG

Bluesky and Mastodon Users Are in a Conflict That Could Shape the Future of Social Media

Decentralized social networking platforms Bluesky and Mastodon are in a battle over how to bridge the gap between the two — and whether there should be a bridge at all. View Original Article ESG and CSR Marketing: Social Media Predictions and Forecasts RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Media & Marketing

Meta gets hit with a record $1.3 billion GDPR violation fine

The European Union has hit Meta with a fine of $1.3 billion for transferring the personal data of people within its member states to servers in the U.S. Meta has been ordered by the EU to stop the practice, violating General Data Protection Regulation (GDPR) law. “Facebook has millions of users in Europe, so the… […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon to change business practices in deal with EU regulators

Amazon.com has agreed to give makers of rival products equal access on the e-commerce platform as part of an agreement with European regulators, according to people with knowledge of the deal. It has also agreed to not use data from third-party marketplace sellers to inform its own offerings. View Original Article Amazon Data & Insights […]
< 1 min read
0
  1. Trends & External Forces

Retail sales jump more than expected in January, despite continuing inflation concerns

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3 percent, compared to expectations for a rise of 1.9 percent, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3 percent, according to the report, which is not adjusted for […]
< 1 min read
0
Next