Nike and Foot Locker shares fall after the sneaker maker lowers its sales outlook
A shopper leaves a Nike store in the Magnificent Mile shopping district in Chicago with a purchase on December 21, 2022. Scott Olson | Getty Images Nike shares plunged on Friday after the sportswear maker cut its fiscal year sales forecast, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. … [Read more…]