(Bloomberg) -- Foot Locker Inc.'s shares sank after the sneaker chain cut its full-year sales and profit forecasts, citing more discounts and a pullback in consumer spending ahead of the crucial holiday season.
Kim Bhasin is a Reporter at Bloomberg News and Bloomberg Businessweek. He covers business and economics with a focus on celebrity and athlete business deals, as well as retail and e-commerce, often exploring themes related to sports marketing and influential business leaders. Kim's work has been featured in numerous publications, including TIME, Fortune, and The Philadelphia Inquirer.