Foot Locker news and archive

Dick’s Sporting Good confirms 2.4 billion dollar acquisition of Foot Locker

US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have entered a definitive merger agreement holding an enterprise value of around 2.5 billion dollars. By combining the companies, Dick’s is setting out to create a global platform within the sports...

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Dick’s Sporting Goods reportedly close to Foot Locker buyout

US retail chain Dick’s Sporting Goods is believed to be close to acquiring Foot Locker Inc. for around 2.3 billion dollars. This is according to a report by the Wall Street Journal (WSJ) that said a deal could be finalised as soon as Thursday, May 15. WSJ stated that Dick’s is looking to buy the footwear retailer for 24 dollars per share,...

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Foot Locker elevates Franklin Bracken to president, advancing Lace Up Plan

Footwear and apparel retailer Foot Locker has appointed Franklin Bracken, currently executive vice president and chief commercial officer, as its new president, effective immediately. Bracken will continue to report to CEO Mary Dillon. In his expanded role, Bracken will collaborate closely with Dillon to expedite the implementation of the...

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Foot Locker returns to profit in Q4 despite overall sales decline

Footwear retailer Foot Locker reported a 5.8 percent decrease in sales, totaling 2.2 billion dollars for the fourth quarter of 2024. However, comparable sales demonstrated a positive trend, increasing by 2.6 percent. The company also returned to profit with net earnings from continuing operations reaching 55 million dollars, while non-GAAP net...

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Foot Locker appoints Sonia Syngal and John Venhuizen as board directors

Foot Locker has elected Sonia Syngal and John Venhuizen as directors of the board, effective January 12, 2025. "In line with our continued focus on regular refreshment to ensure we have the right mix of skills and experience on our board, we are delighted to welcome Sonia and John as new independent directors," said Dona D. Young, Foot Locker’s...

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Foot Locker introduces a new store concept in Benelux

Sports retailer Foot Locker is rolling out a new store concept. The Reimagined store concept has been introduced at the store in the Hoog Catharijne shopping centre in Utrecht. The concept 'sets new standards for the shopping experience in modern sneaker culture', according to the press release. Worldwide, it is the third store with this concept...

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Following disappointing quarter, Foot Locker lowers forecasts

American retail group Foot Locker Inc. closed the third quarter of the 2024/25 fiscal year with a slight decline in sales and a large loss. In view of the unexpectedly weak results, the company lowered its forecasts for the full year on Wednesday. In the three months up to November 2, group sales amounted to 1.96 billion US dollars (1.87 billion...

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Foot Locker's Q2 comparable sales up by 2.6 percent

American athletic retailer Foot Locker reported sales increase of 1.9 percent to 1,896 million dollars. Excluding the effect of foreign exchange rate fluctuations, sales increased by 2.5 percent. The company’s comparable sales for the quarter increased by 2.6 percent, led by global Foot Locker and Kids Foot Locker comparable sales growth of 5.2...

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Foot Locker introduces new basketball concept store in New York

Foot Locker has reopened its New York City 34th Street store with a new basketball-themed concept as part of a partnership with Nike and Jordan Brand. The newly designed store, which rings in the introduction of its ‘Home Court’ retail concept, intends to offer customers a multi-brand basketball shopping destination that blends both on-court and...

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Foot Locker's quarterly comparable sales decrease

Foot Locker first quarter sales decreased by 2.8 percent to 1,874 million dollars and excluding the effect of foreign exchange rate fluctuations, sales decreased by 2.4 percent. The company said that comparable sales for the quarter decreased by 1.8 percent, including a 220 basis-point impact from the continued repositioning of the Champs Sports...

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Foot Locker names Cindy Carlisle as chief human resources officer

Foot Locker has announced the appointment of Cindy Carlisle as executive vice president and chief human resources officer. "I am confident that Cindy's deep expertise in HR, culture, engagement, and business strategy will be an incredible asset to our team members as we execute our Lace Up Plan and embark on our next 50 years of growth,” said...

Foot Locker sales increase by 2 percent

Total fourth quarter sales at Foot Locker increased by 2 percent to 2,380 million dollars. Excluding the effect of foreign exchange rate fluctuations, total sales increased by 1.5 percent. The company said that comparable sales decreased by 0.7 percent, driven by a 210 basis-point impact from repositioning the Champs Sports banner, consumer...