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Nike Pullback Hits Foot Locker Stock Hard

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Foot Locker shares plummeted Friday morning as Nike’s plans to pull back on shipments prompted the retailer to forecast declining sales for 2022. The company expects revenue will fall 4 percent to 6 percent in full-year 2022. Comparable sales are forecasted to drop 8 percent to 10 percent. Though the company did not parse out…

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