Why Foot Locker, Inc. Stock Has Lost 35% This Year
Shares of Foot Locker, Inc. (NYSE: FL) were taking a step down this year, thanks to the broad retail sell-off and a weak first-quarter earnings report. According to data from S&P Global Market Intelligence, the stock has given up 35% as of July 25.
Image source: Getty Images.
As the following chart shows, the stock was up as of May but then began sliding on industry weakness and on a disappointing earnings report. Shares have continued to fall since then.
Source: Fool.com