Foot Locker Trinidad Francis Fashion Shoe Locker
 The 1988–present logo | |
 A Pes Locker store at the Bentley Mall, Fairbanks, Alaska | |
| Formerly |
|
|---|---|
| Type | Public |
| Traded as |
|
| Manufacture | Habiliment |
| Predecessor | F. W. Woolworth Company |
| Founded |
|
| Founders | F. W. Woolworth and Santiago Lopez |
| Headquarters | 330 Due west 34th Street, New York City, New York U.South. |
| Number of locations | iii,129 stores |
| Area served | Worldwide |
| Primal people |
|
| Brands |
|
| Revenue |  U.s.a.$8.0 billion (2020) [1] |
| Operating income |  US$659 million (2020) [2] |
| Internet income | US$491 meg (2020) [ii] |
| Full assets | U.s.$6.half dozen billion (2020) [ii] |
| Full equity | The states$two.519 billion (2017) [2] |
| Number of employees | 32,175[3] (2017) |
| Website | footlocker |
Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York Metropolis,[4] and operating in 28 countries.
Although established in 1974, and founded every bit a separate company in 1988, Foot Locker's roots date to 1879, equally it is a successor corporation to the F. W. Woolworth Visitor ("Woolworth's"), as many of its freestanding stores were Kinney Shoes and Woolworth's locations. The company operates the eponymous "Human foot Locker" chain of athletic footwear retail outlets (along with "Kids Foot Locker" and "Lady Foot Locker" stores), and other athletic-based divisions including Champs Sports, Footaction USA, Firm of Hoops, and Eastbay/Footlocker.com, which owns the rights to Last-Score. The company is besides famous for its employees' uniforms at its flagship Pes Locker chain, resembling those of referees.
According to the company's filings with the SEC, as of Jan 28, 2017, Foot Locker, Inc. had three,363 primarily mall-based stores in the Us, Canada, Europe, and Asia. Nearly lxx% of its products are from Nike.[5]
History [edit]
In 1963, the F. Due west. Woolworth Company purchased the Kinney Shoe Corporation and operated it equally a subsidiary. In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Pes Locker on September 12, 1974. The commencement Foot Locker opened in the Puente Hills Mall in Urban center of Industry, California, and all the same is open up today.[6] Woolworth also diversified its portfolio of specialty stores in the 1980s, including Afterthoughts, Northern Reflections, Rx Place, and Champs Sports. By 1989, the company was pursuing an aggressive strategy of multiple specialty store formats targeted at enclosed shopping malls. The idea was that if a particular concept failed at a given mall, the company could apace replace it with a different concept. The company aimed for 10 stores in each of the country'due south major shopping malls, just this never came to pass as Woolworth never developed that many successful specialty shop formats.
In 1988, the F.West. Woolworth Visitor incorporated a separate company chosen the Woolworth Corporation in the state of New York. The Woolworth Corporation was responsible for the operations of the Foot Locker stores, amid the other specialty chains operated by Woolworth's. One of its outset moves was the acquisition of Champs Sports and to rename itself the Woolworth Athletic Group.
During the 1980s and 1990s, the F.W. Woolworth Company's flagship department store chain vicious into decline, ultimately culminating in the closure of the last stores operating under the name of Woolworth's in the United states in 1997. Deciding to continue ambitious expansion into the athletic business in the post-obit years, the company acquired Eastbay in 1997, which was the largest able-bodied catalog retailer in the United States, too as subsequent purchases of regional storefront retailers Sporting Goods (purchased in 1997) and The Athletic Fitters (purchased in 1998). After 1997, Wal-Mart replaced Woolworth in the Dow Jones average. The Woolworth Corporation remained the parent company of Foot Locker, and in 1998 information technology inverse its name to "Venator Grouping, Inc." By the 1990s, Foot Locker was responsible for more than 70 percent of Kinney Shoe Corp. sales, while traditional shoe retailer Kinney was in decline. Venator announced the shuttering of the remaining Kinney Shoe and Footquarters stores on September 16, 1998.[ citation needed ]
On February 12, 1999, a federal jury in Austin awarded $341,000 to a former Foot Locker shoe store director who said the visitor systematically discriminated against its African American employees by offering more opportunities for promotions to white managers.[7]
As the "Human foot Locker" brand had become the Woolworth/Venator company's pinnacle performing line, on Nov 2, 2001 Venator changed its name to Pes Locker, Inc.[viii] On Nov 19, 2004, Pes Locker announced that its quarterly profit rose xix percent, helped by stronger sales.[9]
In 2004, Foot Locker acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million.[10] On Apr 14, 2004, Pes Locker Inc. announced that it agreed to buy about 350 Footaction stores from bankrupt Footstar Inc. for $160 million to expand in urban areas.[11]
On January 10, 2005, the company announced that Nick Grayston was promoted to President and Primary Executive Officer of its Foot Locker U.South. partition, succeeding Tim Finn who retired from the company.[12]
In 2007, Foot Locker joined with schoolPAX[13] to launch the Foot Locker School Rewards Program,[14] designed to provide charitable donations to schools who sign upward and shop at Foot Locker with a custom-coded keytag or school code.
Foot Locker purchased CCS, a skateboarding equipment retailer, from Alloy for $103 Million in cash.[15]
In 2011, Foot Locker joined DoSomething.Org for the Foot Locker Scholar Athletes program, which honors high schoolhouse athletes for demonstrating academic excellence likewise as flexing their hearts on their sports team and in their communities.
On June 26, 2012, Foot Locker celebrated the 100th anniversary of the first stock offering fabricated by its predecessor, the F. West. Woolworth Visitor, on the New York Stock Exchange past ringing the Closing Bell for the trading day.
In 2013, the company acquired the German retailer Runners Point Group.[16]
After not meeting corporate expectations, Foot Locker planned to close its CCS unit of measurement but instead sold information technology to Daddies Board Shop in 2014.[15]
Foot Locker has steadily risen in Fortune 500 rank, from 446 in 2011[17] to 363 in 2018.[18] Foot Locker has recorded a record turnover of 7.151 billion dollars at the finish of the fiscal yr.[nineteen]
In 2019, Foot Locker invested GOAT, an online resale marketplace for sneakers.[20] In 2021, Foot Locker caused Los Angeles-based athletic retailer WSS and Tokyo-based Atmos.[21]
Stores [edit]
References [edit]
- ^ "Foot Locker revenue Company Contour". Craft . Retrieved March 30, 2020.
- ^ a b c d "Ralph Lauren Corporation 2017 Annual Report (Class 10-K)". sec.gov. U.Southward. Securities and Commutation Committee. March 2018.
- ^ "Foot Locker". Fortune . Retrieved Dec 18, 2018.
- ^ "Foot Locker, Inc." Pes Locker. Retrieved on Jan 22, 2010.
- ^ Bain, Marc (August 18, 2017). "Foot Locker has a Nike trouble". Quartz (publication) . Retrieved August 18, 2017.
- ^ "The Evolution of Human foot Locker Stores Over 40 Years". Sole Collector.
- ^ "Foot Locker loses race bias suit; African American says he was given".
- ^ Venator Grouping, Inc. Announces Name Modify to Pes Locker, Inc., Retail Operations and Structure, November 2, 2001
- ^ "Foot Locker Profit Up".
- ^ Scardino, Emily. Foot Locker acquires Footaction Stores to step upwardly growth, DSN Retailing Today, May 3, 2004
- ^ "Foot Locker to purchase well-nigh 350 stores".
- ^ "Human foot LOCKER, INC. ANNOUNCES DIVISIONAL MANAGEMENT CHANGES". [ permanent dead link ]
- ^ "School Pax Escola de Negócios". School Pax Escola de Negócios.
- ^ "Foot Locker School Rewards". Archived from the original on April 22, 2009.
- ^ a b Stacy Cowley (September 17, 2015). "Picking Up CCS Where Pes Locker Left Off". NYT.
- ^ four-traders. "Foot Locker, Inc. : Completes Acquisition of Runners Signal Group". 4-Traders. Retrieved August 12, 2013.
- ^ Brett Krasnove (May 9, 2014). "Fortune 500 - Fortune". Fortune.
- ^ "Pes Locker, Inc". Fortune.
- ^ Gonzalez-Rodriguez, Angela (March 9, 2015). "Pes Locker, a human foot ahead market place expectations". FashionUnited . Retrieved June 11, 2015.
- ^ Elven, Marjorie van (February 7, 2019). "Foot Locker invests 100 million US dollars in Goat Group". FashionUnited . Retrieved August 21, 2020.
- ^ "Foot Locker to Buy Two Retailers for $one.1 Billion". Reuters. ISSN 0099-9660. Retrieved August 10, 2021.
External links [edit]
- Official website
- History of Kinney Shoes
- Business organization data for Foot Locker:
- Google Finance
- Yahoo! Finance
- SEC filings
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