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Foot Locker news and archive

People

Foot Locker appoints two new board members

Foot Locker has announced the appointment of Darlene Nicosia and Tristan Walker as directors of the company, effective 2 February. Nicosia is currently president of the Canada Business Unit of The Coca-Cola Company where she has spent much of her career. She has extensive experience in global supply chain management, brand marketing, and has...

28 Jan 2020

Retail

Foot Locker introduces new store concept with Nike

Specialty athletic retailer Foot Locker Inc. and long-time partner Nike Inc. have partnered to roll out a new store concept, with bigger stores and interactive features brought by Nike's proprietary technology. The newest Power Store, far bigger than typical Foot Locker stores, opened on August 10, in Washington Heights, New York. The store...

12 Aug 2019

Business

These are the companies downsizing or filing for bankruptcy in 2019

These are hard times for brick and mortar retail. While consumersstill like to shop in brick and mortar stores, many retailers have beenstruggling to stay afloatdue to dropping footfall in shopping malls and competition with online retailers. Here’s a recap of the fashion businesses which announced downsizing plans or filed for bankruptcy...

24 May 2019

Business

Foot Locker's Q1 comparable sales rise 4.6 percent

New York-based athletic retailer Foot Locker, Inc., for its first quarter ended May 4, 2019 reported net income of 172 million dollars or 1.52 dollars per share compared to 165 million dollars or 1.38 dollars per share in the corresponding prior-year period. The company said, non-GAAP earnings were 1.53 dollars per share compared to 1.45 dollars...

24 May 2019

Fashion

What to expect in fashion news from week 21, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 21st week of the year. Below are the main points from the editorial agenda in the period between 20-26 May, 2019. Nordstrom Q1 (21 May) For the fourth quarter, Nordstrom reported net earnings of 248 million dollars compared...

20 May 2019

Business

Foot Locker reports strong sales growth

For its fourth quarter to February 2, 2019, Foot Locker, Inc. reported net income of 158 million dollars or 1.39 cents per share compared to a net loss of 49 million dollars or 40 cents per share, for the 14 weeks of fiscal 2017. On a non-GAAP basis, the company said, it earned 1.56 cents per share, a 37 percent increase over the comparable...

4 Mar 2019

Business

Foot Locker invests 100 million US dollars in Goat Group

American athletic footwear and apparel retailer Foot Locker has announced a strategic minority investment in Goat Group, the company managing sneaker marketplaces Goat and Fight Club. A total of 100 million US dollars have been invested. "With over 3,000 retail locations, Foot Locker will support our primarily digital presence with physical...

7 Feb 2019

Business

Foot Locker invests in Pensole Footwear Design Academy

Foot Locker has invested 2 million US dollars in Pensole Footwear Design Academy, which offers a ‘learn by doing’ curriculum for footwear design. Founded by Jordan design director and educator D'Wayne Edwards, Pensole’s mission is to create a pipeline of new designers for the entire footwear industry by offering free tuition and a ‘...

23 Jan 2019