Home Business Cramer says Foot Locker's falling income reveals the danger in mall shares

Cramer says Foot Locker’s falling income reveals the danger in mall shares

Buyers stand in line to enter a Foot Locker Inc. retailer on the Queens Middle shopping center within the Queens borough of New York, U.S., on Wednesday, Sept. 9, 2020.

Peter Foley | Bloomberg | Getty Photos

A disappointing quarter from Foot Locker ought to make traders pause and rethink the way forward for some mall-based shops, CNBC’s Jim Cramer mentioned Friday.

The shoe retailer’s fourth-quarter income got here in $100 million beneath what analysts surveyed by Refinitiv have been anticipating. Comparable retailer gross sales decreased 2.7% 12 months over 12 months. Shares of the corporate fell about 9% on Friday morning.

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