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Stock impact report

Nike Tumbles After Warning That Sales Slump Is Getting Worse [Yahoo! Finance Canada]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Most Read from Bloomberg The owner of the Jordan and Converse brands sees revenue declining in the mid-single digits in the company's current fiscal year, which began this month. Analysts had expected growth of about 2% this year, according to estimates compiled by Bloomberg. ADVERTISEMENT The shares fell as much as 13% in extended New York trading on Thursday evening. The stock had already declined 17% over the past 12 months. Other athletic retailers fell after Nike's report, including Foot Locker Inc., Under Armour Inc., Dick's Sporting Goods Inc. and Lululemon Athletica Inc. The rout extended to Asia during Friday's morning trading. Li Ning Co Ltd dropped as much as 3.5% while Anta Sports Products Ltd fell 2.5%. Nike's suppliers also took a hit. In Hong Kong, Shenzhou International Group Holdings Ltd slid as much as 5.4%, Yue Yuen Industrial Holdings Ltd fell 6.7%, while in Taiwan Feng Tay Enterprise Co. declined 7.9%. Nike sales have suffered in recent quarters as an a Show less Read more
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