Foot Locker news and archive

Foot Locker invests 3 million USD in Super Heroic Inc

Athletic retailer Foot Locker has announced a strategic investment in Super Heroic Inc, a startup selling sportswear for kids. Super Heroic was founded in 2016 by two former Nike executives: Jason Mayden, who served as Lead Designer for the Jordan brand, and Harshal Sisodia, former Global Digital Brand Director. Foot Locker invested 3 million US...

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Foot Locker Q3 revenues decline but profits surge

American athletic-shoe retailer Foot Locker said on Tuesday its Q3 revenue for 2018 fell, while net income rose by 27.5 percent from the same period last year. The company’s sales in Q3 2018 were 1,860 million US dollars, down from 1,870 million US dollars a year earlier. Net profit rose to 130 million US dollars. The profit margin of the...

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Foot Locker posts rise in Q2 profit, store sales grow 4.8 percent

Foot Locker, Inc. reported net income for the company’s second quarter ended August 4, 2018 of 88 million dollars or 0.75 dollar per share compared to 51 million dollars or 0.39 dollar per share in the same period of fiscal 2017. The company said, second quarter comparable store sales increased 0.5 percent, while total second quarter sales...

Fashion

Foot Locker partners up with Asics to launch Anime-inspired collection

Foot Locker and Asics have joined forces to launch a collection inspired by Japanese anime, to be sold exclusively at Foot Locker stores in the United States from August 24. Prices were not yet disclosed by the brands. To support the release, the pair is releasing an anime series called “Welcome to the Dojo”, which tells the story of a samurai...

Video

Video: Reebok Alter The Icons - Jay IDK

Reebok Alter The Icons - Jay IDK. Source: Foot Locker, YouTube.

Retail

Foot Locker chooses Liverpool to open its largest store in Europe

American sportswear and footwear retailer Foot Locker has opened its largest store in Europe. It is located at Liverpool One, a shopping, residential and leisure complex in the English city. “The new store is the ultimate destination for sneaker fans in Liverpool and a great platform for the city’s many creative talents. Liverpool has such an...

Report

Foot Locker's Q1 comparable sales drop 2.8 percent

Foot Locker, Inc’s net income for the first quarter ended May 5, 2018 was 165 million dollars or 1.38 dollar per share, compared to 180 million dollars or 1.36 dollar per share in the same period of fiscal 2017. First quarter comparable-store sales decreased 2.8 percent, while sales increased 1.2 percent to 2,025 million dollars. Excluding the...

Business|IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

Video

Video: The Before & After The Bite Gallery - Call for Entries

Want to be featured in Foot Locker’s exclusive art gallery in New York? Source: Foot Locker, YouTube.

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Foot Locker acquires stake in women's activewear brand Carbon38

Foot Locker, Inc. has made a strategic investment in Carbon38, picking a minority stake in the women’s luxury activewear brand. The company said in a media statement that 15 million dollars Series A funding round brings the total raised by Carbon38 to 26 million dollars since 2013. “We have admired the Carbon38 story and mission since we met...

Report

Foot Locker reports drop in per share earnings to 0.81 dollar

Foot Locker has reported third quarter net income of 102 million dollars or 0.81 dollar per share, compared with 157 million dollars or 1.17 dollars per share in the same period of 2016. Third quarter comparable-store sales decreased 3.7 percent and total sales decreased 0.8 percent, to 1,870 million dollars. Excluding the effect of foreign...

Management

Foot Locker Q2 net income falls to 51 mn dollars

Foot Locker’s net income for the company’s second quarter ended July 29, 2017 was 51 million dollars or 0.39 dollar per share, compared with 127 million dollars or 0.94 dollar per share in the same period of 2016. The company said, this result included a 50 million dollars pre-tax litigation charge related to the conversion of its pension plan...