ATLANTA, GA – – (Globe Newswire – May 19, 2023) – – Holzer & Holzer, LLC is investigating whether Foot Locker, Inc. (“Foot Locker,” or the “Company”) (NYSE: FL) complied with federal securities laws. On May 19, 2023, Foot Locker disclosed that the Company’s sales have “softened meaningfully given the tough macroeconomic backdrop, causing us to reduce our guidance for the year as we take more aggressive markdowns to both drive demand and manage inventory.” Following this announcement, the price of the Company’s stock dropped.
If you purchased Foot Locker stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at email@example.com or Joshua Karr, Esq. at firstname.lastname@example.org, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/foot-locker/ to discuss your legal rights.