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Inside The Call: Foot Locker Finally Looks To Break Its Nike Habit

Shares of Foot Locker Inc. were trading down about 35 percent in mid-day trading Friday after the sneaker giant announced that a sharp reduction in allocations from Nike would likely result in a high-single-digit decline in comps in the current year. On a call with analysts, Dick Johnson, CEO, stressed his belief that Foot Locker will be better off in the long run by offering consumers a greater variety of brands.

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