https://www.live-feeds.com/feed/foot-locker-owner-plunges-after-warning-nervous-consumers-are-cutting-spendingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/foot-locker-owner-plunges-after-warning-nervous-consumers-are-cutting-spendinghttps://www.live-feeds.com/feed/foot-locker-owner-plunges-after-warning-nervous-consumers-are-cutting-spending#u49358Thu, 27 Aug 2026 00:50:18 +0000Shares of Foot Locker's parent company have plunged after it warned that nervous consumers are cutting spending. The company reported a challenging footwear market, missing expectations. Dick's Sporting Goods also slashed its outlook amid 'challenging conditions'. The retailer's stock has tanked significantly, with its chairman warning of more pain to come.Why it mattersThe retail industry is experiencing a downturn as consumers become increasingly cautious with their spending. Footwear market conditions have been particularly challenging. The performance of retailers