US sportswear and footwear retailer Foot Locker is spending 1.1 billion dollars to buy two companies as it looks to simultaneously accelerate its Asia-Pacific expansion and solidify its positioning in North America. The New York-based company announced Monday plans to buy Eurostar, the parent company of US-based athletic footwear and apparel...
2 Aug 2021
Foot Locker has launched a basketball-inspired capsule collection designed by the new creative director of the company’s women’s business, Melody Ehsani. The collection highlights colors inspired by nature and temperature such as thermal patterns. 70 percent of the capsule is unisex and features a ‘ball vision’ tee and short set, a fleece crew...
10 Jun 2021
After releasing strong quarterly results Footlocker Inc. announced it will call it a day for its Footaction chain. During a call with analysts that followed their financial release, the company’s leadership shared their thought process. Asked whether there was a substantial overlap between Foot Locker stores the Footaction ones, Richard A....
31 May 2021
Sports and athletic retailer Foot Locker Inc. announced it has linked with FreedomPay to implement a contactless payment system in over 2,000 Foot Locker stores in the US. FreedomPay, the Next Level Commerce platform, lets customers choose between various in-store payment options through a touchless payment system. Customers can pay through...
13 Apr 2021
Foot Locker has announced its chief financial officer (CFO) and executive vice president Lauren B. Peters is retiring in April, with a search for a successor now underway. The New York-based footwear retailer said it will consider both internal and external candidates for the position. “Lauren has had a remarkable 23 years at Foot Locker,...
1 Dec 2020
Foot Locker beat earnings estimates Friday reporting second-quarter revenue of 2.08 billion dollars, up 17 percent from the prior-year period. The New York-based footwear retailer said those figures were boosted by comparable-store sales which were up 18.6 percent in the quarter. The company reported profit of 45 million dollars for the period,...
21 Aug 2020
Foot Locker has reported an 18 percent increase in comparable store sales for the second quarter ending 1 August. The New York-based footwear retailer said diluted earnings per share for the quarter are expected to be 0.38 to 0.42 dollars per share versus 0.55 dollars per share last year. Those figures include pre-tax charges of around 19...
10 Aug 2020
We may hear of executives taking a sabbatical or a timeout, even in the hectic industry that is fashion, but often, we never hear from them again. In 2017, FashionUnited spoke with Sebastian Janus who had decided to give up his secure position as the CFO/director e-commerce finance for Foot Locker Europe in favour of traveling the world with his...
22 Oct 2019
American footwear retailer Foot Locker Inc has announced a strategic investment of 3 million US dollars in the ecommerce and content platform NTWRK, as part of a series A funding round raising a total of 10 million US dollars. Founded a year ago and headquartered in Los Angeles, NTWRK combines content creation and episodic programming to sell...
25 Sep 2019
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
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
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...
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