FOOT LOCKER: We aren't afraid of being Amazon'd

Amazon has been taking market share from companies across America, and its freaking out the CEOs of the country's biggest companies. So much so that CEOs have been mentioning the e-commerce behemoth at a clip of nearly six times that of President Donald Trump, according to Bloomberg.

On Friday, sneaker retailer Foot Locker announced a brutal second quarter that sent shares tumbling by nearly 30%. The compay earned $0.39 a share on revenue of $1.7 billion, both of which were shy of Wall Street expectations. Additionally, same-store sales sank 6% versus a year ago.

Friday's selloff is the latest blemish on a difficult three months for the company. Over that time shares have plunged more than 50% as traders price in the possibility of further disruption from

But even after the brutal three months, capped off by Friday's disappointing figures, Foot Locker Chairman and CEO Richard Johnson says he's not worried about Amazon's impact on business (emphasis ours).

Johnson's comments are rather curious considering at the end of June, Nike announced a deal to sell its sneakers and apparel on Amazon to crack down on unauthorized third-party vending. And while it's true that premium brands such as Jordan aren't offered on Amazon, the trend is certainly moving in that direction.

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