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Foot Locker’s Shares Tumble On Tempered Outlook

“While we remain optimistic that we can accelerate our momentum over the second half of 2017 to reach mid-single-digit comparable sales gains, we are developing a Plan B, so to speak, in case recent sales trends continue,” said Dick Johnson, chairman and CEO.

How Bad Were The Tax Refund Delays?

Hibbett Sports Inc., in slashing its guidance for the year, joined a number of retailers finding the delay in tax refunds created a worse-than-expected drag on first-quarter sales.