Shares of Foot Locker (NYSE: FL), Callaway Golf (NYSE: ELY), and Newell Brands (NASDAQ: NWL), the respective leading retailers of shoes and accessories, golfing products, and assorted consumer goods, all dropped by double digits during intraday trading Friday after a couple of developments hit retailers hard. This was partly due to gloomy reports from Amazon. Apple also reported that its growth slowed drastically compared to the prior year, and for the first time in years, it opted not to provide investors an outlook for the full year. Read More...
Why Foot Locker, Callaway Golf, and Newell Brands Plunged 10% Early Friday
Shares of Foot Locker (NYSE: FL), Callaway Golf (NYSE: ELY), and Newell Brands (NASDAQ: NWL), the respective leading retailers of shoes and accessories, golfing products, and assorted consumer goods, all dropped by double digits during intraday trading Friday after a couple of developments hit retailers hard. This was partly due to gloomy reports from Amazon. Apple also reported that its growth slowed drastically compared to the prior year, and for the first time in years, it opted not to provide investors an outlook for the full year.
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