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Foot Locker's stock tumbled 35% on Friday as it informed investors that pullback in product availability from producers like Nike will affect its sales and
Foot Locker's stock tumbled 35% on Friday as it informed investors that pullback in product availability from producers like Nike will affect its sales and profitability. Nike, meanwhile, has made it clear that the company plans to offer more products through its Nike Store and online. How does Nike hope to profit from this strategy? Why will Foot Locker lose from Nike's strategy?
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