Foot Locker news and archive

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...

Retail

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...

Business

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...

People

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...

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

BusinessFeatured

Foot Locker forecasts upbeat outlook, announces India entry

Foot Locker sales decreased by 8.6 percent to 1,986 million dollars in the third quarter, while excluding the effect of foreign exchange rate fluctuations, total sales for the quarter decreased by 10 percent. The company said in a release that comparable-store sales decreased by 8 percent, driven by ongoing consumer softness, changing vendor...

Footasylum: FY profits narrow despite increase in revenue

British footwear and sportswear retailer Footasylum has reported narrowing profit despite a 6 percent increase in revenue in its most recent full-year report. The Rochdale, England-based company posted a net profit of 1.76 million pounds in the 12 months to January 28, down from 8.9 million pounds the prior year. On a brighter note, gross profit...

Business

Footasylum: FY profits narrow despite increase in revenue

BusinessFeatured

Foot Locker slides into the red in the second quarter

The US retail group Foot Locker Inc. presented disappointing figures for the second quarter of the 2023/24 financial year and once again lowered its forecasts. The unexpectedly weak results and prospects immediately weighed on the share prices of numerous companies in the sporting goods industry. For the second quarter ended July 29, Foot Locker...

PeopleFeatured

Foot Locker taps former Nike exec to head WSS banner

Foot Locker has named former Nike veteran Blanca Gonzalez as the new senior vice president and general manager of WSS after buying the retailer in 2021 for 750 million dollars. Gonzalez joins the business from Nike, where she served for 19 years, most recently as vice president of North America product merchandising. “I am honored to join Foot...

BusinessFeatured

Foot Locker reports drop in Q4 profit, but beats expectations

Sportswear retailer Foot Locker has reported a drop in profit in the fourth quarter as its sales fell slightly, but its overall results were ahead of expectations. The New York-based company made a net profit of 19 million dollars in the quarter ended January 28, down from a profit of 103 million dollars a year earlier. That came as the...