“Foot Locker Plummets as Shrinking Nike Business Hits Outlook”
February 25, 2022
“…The chain said no single vendor is expected to represent more than 60% of total purchases this fiscal year, down from 70% in fiscal 2021 and 75% in the previous year. That contributed to Foot Locker projecting profit and comparable sales well below Wall Street expectations for the current year, which runs through next January…
Foot Locker shares fell as much as 31% in New York, the biggest intraday drop since November 2008…”
https://finance.yahoo.com/news/foot-locker-sinks-shrinking-nike-132550497.html