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Stock impact report

Why Foot Locker Stock Tumbled 39% Last Month [The Motley Fool]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: The Motley Fool
Jeremy Bowman(TMFHobo)Author BioFool since 0. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on to see my latest articles, and for commentary on hot topics in retail and the broad market.Follow @tmfbowmanWhat happenedShares ofFoot LockerNYSE:FLAs a result, the stock gave up 9% last month, according to data from Global Market Intelligence^SPXYCharts.So whatLike much of theapparel sectordiscretionary itemsImage source: Foot Locker.The stock's worst day of the month came on March following the bankruptcy of rival Modell's, a sign of the challenges that have been facing the sporting goods retail industry for the last several years as a number of other smaller chains have gone bankrupt as well. Foot Locker itself said on March 7 that it would temporarily close all of its stores around the world with the the exception of a few markets in Asia, and withdrew its financial guidance.The move was not surprising since a number of apparel retailers Show less Read more
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