It took the federal government to slow down Big Foot’s sneaker selling machine. Foot Locker lowered guidance for the first quarter to $1.36-1.39 ($180.4 mm), at or slightly below last year’s earnings, for the quarter ending Apr. 29 as the late delivery of tax refund checks arrived after the NBA All-Star weekend that introduces many key new releases. Comps for Feb., the biggest month of the quarter, were down low-double digits as a result. However, Big Foot noted that March comps rebounded strongly with a high-single-digit comp and a strong Easter selling season in Apr. is expected to produce a ... Log in to view full article.