CNBC Pro

Cramer says Foot Locker's falling revenue shows the risk in mall stocks

Share
Shoppers stand in line to enter a Foot Locker Inc. store at the Queens Center shopping mall in the Queens borough of New York, U.S., on Wednesday, Sept. 9, 2020.
Peter Foley | Bloomberg | Getty Images

A disappointing quarter from Foot Locker should make investors pause and reconsider the future of some mall-based stores, CNBC's Jim Cramer said Friday.

The shoe retailer's fourth-quarter revenue came in $100 million below what analysts surveyed by Refinitiv were expecting. Comparable store sales decreased 2.7% year over year. Shares of the company fell about 9% on Friday morning.

More In CNBC TV Picks

CNBC ProCramer says investors are misguided on Disney, expects theme parks and movies will bounce
CNBC ProCramer sees an opportunity within the tech sector for a winning trade
CNBC ProHere’s when Wharton’s Jeremy Siegel says he would get more cautious on stocks