Buyers stand in line to enter a Foot Locker Inc. retailer on the Queens Heart shopping center within the Queens borough of New York, U.S., on Wednesday, Sept. 9, 2020.
Peter Foley | Bloomberg | Getty Photos
A disappointing quarter from Foot Locker ought to make traders pause and rethink the way forward for some mall-based shops, CNBC’s Jim Cramer stated Friday.
The shoe retailer’s fourth-quarter income got here in $100 million beneath what analysts surveyed Refinitiv have been anticipating. Comparable retailer gross sales decreased 2.7% yr over yr. Shares of the corporate fell about 9% on Friday morning.