A Sports Rout On Wall Street

Business Heds Index, Seattle Post-Intelligencer: Business
Fri, 08/18/2017 - 10:28am

NEW YORK (AP) — Sporting goods retailers can't shake their losing streak. Shares of stores that mostly sell sneakers and sporting gear plummeted Friday after Foot Locker and smaller rival Hibbett Sports reported a drop in sales in the latest quarter. Both also offered gloomy outlooks for the rest of the year. Sporting goods retailers are facing increasing competition from department stores and clothing chains, which are beefing up the number of sneakers and athletic wear they sell, said Neil Saunders, a retail analyst at GlobalData.

Topics: york ap shares foot locker hibbett sports sporting neil saunders globaldata sporting goods stores retailers sneakers sell

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A Sports Rout On Wall Street

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