1. Corporate Finance

Foot Locker’s financial troubles are much worse than feared, leading us to reevaluate the stock

Written by Posted on Less than 0 min read

​[[“value”:”Foot Locker (FL) reports a terrible quarter and lowers guidance. The specialty retailer also pauses its dividend.”]] 

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Department: Food

Beyond Meat launches new, healthier version of burger in bid to bring back customers

Beyond Meat’s move comes as retail sales of meat alternatives have fallen 33.6% compared with a year ago, according to Circana data. View Original Article Data & Insights Dept. Fresh CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Trends & External Forces

2 takeaways from our daily meeting: Recession-proof stocks, Club names in the news

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. View Original Article Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across […]
< 1 min read
0
  1. Uncategorized

Jim Cramer’s Investing Club meeting Thursday: Fed caution, trimming a retailer, Humana guidance

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all […]
< 1 min read
0
  1. Trends & External Forces

Barstool’s Dave Portnoy won $2.7 million betting on UConn in NCAA men’s final

DraftKings reported a record NCAA tournament, with sports betting now legal in 38 states plus Washington, D.C. View Original Article Legal & Criminal CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Trends & External Forces

Gun companies reckon with declining demand after pandemic surge

 Large firearm manufacturers such as Sturm, Ruger are taking a hit as gun sales, which surged in recent years, return to pre-pandemic levels.   View Original Article COVID19 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Department: Consumer Durables

Mattel inks deal with Elon Musk’s SpaceX to produce line of toys

Mattel inked a multiyear deal with Elon Musk’s SpaceX, the companies announced on Wednesday, to create a line of space-inspired toys. View Original Article Dept. Fresh Dept. Nonfood Dept. Perimeter Dept. Toys & Games Editor's Choice CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Uncategorized

How NWSL Commissioner Jessica Berman led the league out of crisis to revive women’s soccer

Berman has worked to transform the culture of the NWSL and to supersize its business at a time when women’s sports are seeing unprecedented growth. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Associates & Employees

State officials want Shein to prove it doesn’t use forced labor before it goes public

​Fast-fashion retailer Shein is facing more scrutiny from elected officials who want the company to independently prove it doesn’t use forced labor.” View Original Article Associates Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Associates & Employees

Clothing brands failing to eradicate forced labor risk in supply chains, research finds

Many of the world’s major fashion brands are failing to combat forced labor in their supply chains, according to a new report. View Original Article Associates Dept. Apparel Editor's Choice Technology & Innovation CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Corporate Finance

Hanesbrands faces pressure from activist Barington Capital Group, which wants to see costs and debt cut

​[[“value”:”Activist investment firm Barington Capital Group wants to Hanesbrands to reduce its debt and lower costs amid soft sales and shrinking margins.”]]  View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Uncategorized

GOP attorneys general call on credit card companies to drop plans for gun store code

Two dozen Republican attorneys general are urging Visa, MasterCard and American Express to drop their plans for a new store code for gun retailers. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more […]
< 1 min read
0
  1. Uncategorized

These stocks were our best and worst performers in the third quarter

Here’s a snapshot of the best and worst performers in the Investing Club’s 34-stock portfolio for the third quarter. View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Corporate Finance

These 7 Club holdings are using pricing power to boost profits this earnings season

​ ​[[“value”:”When we’re talking about “pricing power,” it’s the ability of companies with strong brands to raise prices without seeing too much impact on demand.”]]  View Original Article Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and […]
< 1 min read
0
  1. Shopper & Customer

Foot Locker’s 27% plunge, guidance cut may signal trouble ahead for other retailers

​[[“value”:”Foot Locker shares plunged more than 27% on Friday after a slowdown in consumer spending led to a drop in sales and weak guidance.”]]  View Original Article Consumers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Holiday & Events

Baby strollers, Ferris wheels and BTS: More tourists are bringing their kids to Las Vegas

Las Vegas has experienced a dramatic rise in the number of people bringing children with them to their Sin City vacations. View Original Article Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Department: Consumer Durables

Chinese fast-fashion company Shein seeks U.S. IPO as soon as 2024, report says

Shein, the Chinese fast-fashion giant, has faced criticism over how workers are treated at plants that manufacture apparel for the company. View Original Article Associates Dept. Apparel Predictions and Forecasts Results & Investment Start Ups CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Holiday & Events

How to beat back rising prices with Memorial Day deals

For consumers struggling with soaring prices, the Memorial Day weekend sales push could be a great time to stock up. View Original Article Consumers Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Corporate Finance

British retailer Currys drops 10% after U.S. investment firm Elliott pulls out of takeover race

Elliott Investment Management said Monday it had decided not to make a takeover bid for British electrical retailer Currys after repeatedly being rejected. View Original Article International - UK Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial […]
< 1 min read
0
  1. Department: Consumer Durables

Allbirds to start selling its shoes in select Nordstrom department stores

Starting June 1, a selection of Allbirds shoes, including its signature wool sneakers, will be available for sale in 14 Nordstrom locations. View Original Article Brick and Mortar Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
Next