Cramer says Foot Locker’s falling income reveals the danger in mall shares

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.

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