Footasylum Says Margins Hit Over Too Much Discounting

Footasylum isn’t faring well for the moment. Citing “some of the most difficult trading conditions seen in recent years,” the U.K. footwear retailer lowered its gross margin expectations for FY19 Tuesday, causing its shares to fall sharply. Footasylum sells brands like Nike, Adidas and Under Armour online and in the 70 brick-and-mortar locations it operates…