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Dick's Sporting cuts forecasts as weak sneaker demand trips Foot Locker, shares plunge - AOL
2+ week, 4+ day ago (535+ words) signaled that bloated inventory and heavy discounting in the legacy footwear market were weighing on its recently acquired Foot Locker business. The U.S. sportswear retailer's shares plunged 27%,...record one-day percentage drop if losses hold, after the company also missed second-quarter estimates…...