Foot Locker Shares Tumble with Rest of Retail Sector, OTR Global Concerned with Q2 Sales
August 06, 2013 at 11:17 AM EDT
Shares of Foot Locker (NYSE: FL ) are trading down more than 6 percent on very heavy volume Tuesday morning. Some traders are attributing the weakness to a note from OTR Global earlier. The firm believes increased competition and price sensitivity have caused traffic to fall within the US.