This is the last thing Foot Locker Inc. (FL) needed.
As Hurricane Irma pushed further into Florida, footage captured looters breaking into a Foot Locker location in Fort Lauderdale.
Looters in the area were arrested, the Fort Lauderdale police said.
It's the latest piece of bad news for the athletic apparel retailer, which saw its stock drop 27.9% in one day, the biggest drop since 2008, last month after a dismal quarterly report. Foot Locker earned 62 cents a share on revenue of $1.701 billion, far below analysts' consensus estimates of earnings of 90 cents a share on revenue of $1.8 billion. Same-store sales fell 6% year-over-year. The news prompted a selloff in shares of Nike Inc. (NKE) and Under Armour Inc. (UAA) .
There's frequently accusations of looting during storms and other natural disasters, with another bout of Irma looting reportedly taking place in Orlando.
Developing: Orlando Police responding to Academy Sports near Mall at Millena for possible looters.— Andrew O'Brien (@aobrien7) September 10, 2017
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