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Sell Foot Locker On This Earnings Pop

2015-03-09 12:33:13| Footwear - Topix.net

Barclay's offers the bull case with a $70 target, but we think FL is a sell here based on broader market performance and a skeptical view of retail. Foot Locker reported earnings on Friday and posted decent numbers, beating on both lines and maintaining operating efficiency by growing gross margin and trimming SG&A while closing 50 stores over the past year.

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Category:Consumer Goods and Services

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