Sportswear Retailer Foot Locker $FL Crushed 21% After Earnings Miss

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  • #11260
    TradersCom
    Keymaster

    [article]147[/article]

    #11261

    [size=5]The selloff continues (at about 25%) … while Krogers got hammered and was seen as good buy at the time — it’s because folks need FOOD, but they can skip on getting a pair of shoes … it will be interesting to see how this settles in next week or so 🙂

    https://finance.yahoo.com/quote/FL?p=FL%5B/size%5D

    #11280
    ThePitBoss
    Participant

    Good point – they arent essential and people arent going to malls like they used to

    #11281
    ThePitBoss
    Participant

    Blood flowing deeper – Foot Locker NYSE: $FL Aug 18, 2:00 PM EDT
    35.07 -12.63 (-26.48%)

    #11282
    Helmholtz Watson
    Participant

    Haven’t been to a Foot Locker store ever – seems unnecessary with all the discount options for me. Can say the same about Dicks

    #11283
    Assistanc3
    Participant

    I wouldn’t hold stock in any business that is inside a mall
    really is plain and simple, even if it is doing “well” now, the only question is ..when will the internet find a way to replace it.

    Here in Canada, we had a slew of companies declare bankrupt over the past 5 years or so, they were women’s clothing and shoe stores.

    If you don’t think things are still getting worse, ask urself this

    How is it a Goodwill store goes bankrupt? Is the economy so good that people can afford higher end clothing?

    Goodwill of Southern Nevada files for Chapter 11 bankruptcy

    http://www.ktnv.com/news/goodwill-of-southern-nevada-files-for-chapter-11-bankruptcy

    #11284
    Helmholtz Watson
    Participant

    Wow Goodwill going bankrupt – thats a charity I thought. On the FL was short them and took profit BEFORE today as they had fallen with DICKS and the URBN spike scared me – thats what I get for being logical

    #11285
    Helmholtz Watson
    Participant

    Agree with malls

    #11294

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