Footlocker news and archive

Should retailers do more to mitigate climate change?

Footlocker this week unveiled plans to curb its carbon emissions, pledging to achieve net zero greenhouse gas emissions by 2050. Some would say it is not a very ambitious target, considering it has 28 years to make the reductions after this announcement. Most of the world’s biggest companies – Apple, Google and Walmart for example - have pledged...

Business

ABG enhances Reebok's partnership with Footlocker

Authentic Brands Group has enhanced its partnership with sneaker retailer Foot Locker, Inc. for the Reebok brand within the United States. Through this agreement, Foot Locker, Inc. and its brands will deepen their assortment with Reebok and will exclusively carry select Reebok footwear models for men, women, and kids in its company-owned stores...

Business

Footlocker completes acquisition of Atmos

Foot Locker, Inc. has completed the acquisition of atmos, a digitally led, global retailer headquartered in Japan, for 360 million dollars, subject to certain customary adjustments. In a statement, Richard Johnson, chairman and CEO of Foot Locker, said, “We are delighted to officially welcome atmos’s iconic founder, Hidefumi Hommyo, and the...

Business

Foot Locker Q4 revenues fall following disappointing holiday trading

Foot Locker has reported a drop in revenues for the fourth quarter of the year citing weaker than expected holiday trading and tough competition. The New York-based athletic retailer reported net income of 141 million dollars, or 1.34 dollars per share, for the 13 weeks ended 1 February, compared with 158 million dollars, or 1.39 dollars per...