Foot locker news and archive

Foot Locker launches exclusive capsule collection with Melody Ehsani

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

Business

Why Footlocker decided to shut down their Footaction stores

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

Retail

Foot Locker links with FreedomPay for contactless payment in US stores

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

People

Foot Locker CFO to step down, search for successor begins

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

Business

Foot Locker beats Q2 earnings estimates, revenue up 17 percent

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

Business

Foot Locker Q2 comparable store sales up 18 percent

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

Business |INTERVIEW

Taking a year off: ex-Foot Locker CFO talks about traveling the world

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

Business

Foot Locker invests 3 million USD in NTWRK

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

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

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