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https://www.wsj.com/articles/foot-locker-fl-q1-earnings-report-2023-8f9b390

Foot Locker Cuts View as Sales Soften, Markdowns Increase

Shares fall as retailer says sales have slowed meaningfully since March

By Emon Reiser
Foot Locker plans to take more aggressive markdowns to drive demand and manage its inventory.  Photo: Ivy Ceballo/Zuma Press

Foot Locker cut its guidance for the year after warning that sales have slowed in recent weeks and that it will increase discounts to boost demand and clear inventory.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.