Foot Locker (FL)
What is Foot Locker?
Established in 1974, Foot Locker is a famous American footwear and apparel retailer that has a presence in some 23 countries around the world. Today, the company runs over 3,300 stores and has a team of around 45,000 people. Foot Locker’s U.S. stores have an average of 2,500 selling square feet, and its international stores have an average of 1,500 selling square feet.
The company operates in two segments: Athletic stores and a Direct-to-Customers line. The Foot Locker chain of athletic outlets includes Kids Foot Locker, Lady Foot Locker, Footaction, Champs Sports and a number of other brands. The Direct-to-Customer line is multi-branded and delivers Foot Locker's sportswear directly to the customers through websites and internet catalogues.
Foot Locker declares on its website that its mission is “to be the leading global retailer of athletically inspired shoes and apparel”. As of 6 April 2018 the company had a market capitalisation of $5.61 billion.
Who are the key people at Foot Locker?
Richard A. Johnson is Chairman, President & Chief Executive Officer of Foot Locker. He’s also on the Board of Directors at the Retail Industry Leaders Association. Other key figures at Foot Locker include: Lauren B. Peters (Chief Financial Officer & Executive Vice President); Lewis Phillip Kimble (Executive Vice President & CEO - International); and Stephen D. Jacobs (Executive Vice President & CEO - North America).
What is the modern history of Foot Locker?
Foot Locker began life as a speciality shoe brand of the Kinney Shoe Corporation, which had become a subsidiary of the F.W. Woolworth Company in 1963. By the 1990s, Foot Locker generated over 70% of Kinney Shoe Corp sales. In 1998, the Woolworth Corporation changed its name to Venator Group Inc, and in 2001 to Foot Locker Inc. A period of expansion followed – in 2004, Foot Locker acquired the Footaction USA brand and around 350 stores from Footstar. In 2013, the company acquired German retailer Runners Point Group.
What are the latest developments at Foot Locker?
In its full year 2017 financial results, Foot Locker reported sales of $7.78 billion, an increase of 0.2% on 2016 and the most in the company’s history as an athletic business. Full-year comparable-store sales decreased 3.1%. Excluding the effect of foreign currency fluctuations, total sales decreased 0.5%. Foot Locker’s net income fell to $284 million in 2017, or $2.22 per share, compared to net income of $664 million or $4.91 per share in 2016.
Between January 2010 and August 2015, the Foot Locker share pricesoared from $12 to $73. Since then, the shares have been a lot more volatile, falling back to under $30 in November 2017 before making a modest recovery to $52 in January 2018. To find out how the shares are doing right now, follow Capital.com. Our FL chartputs all the information at your fingertips.
Where does Foot Locker operate?
Headquartered in New York City, Foot Locker has operations across North America (in both the U.S. and Canada), in Europe (the U.K., Germany, Austria and Switzerland), and in Australia and New Zealand. Foot Locker franchises also operate in South Korea and the Middle East.
Where is Foot Locker traded?
The Foot Locker share price (FL) is set and traded on the New York Stock Exchange (NYSE) and is a constituent of the S&P 500 index. Check out Capital.com for the latest FL chart. We’ll keep you up to date and in the picture.