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Dick’s Sporting cuts forecasts as weak sneaker demand trips Foot Locker, shares plunge | Classic Rock 103.5 WIMZ | Knoxville, TN
2+ week, 5+ day ago (535+ words) By Angela Christy M Aug 25 (Reuters) – Dick’s Sporting Goods cut its full-year forecasts and 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…...