Foot Locker news and archive

Foot Locker's quarterly comparable sales decrease

Foot Locker first quarter sales decreased by 2.8 percent to 1,874 million dollars and excluding the effect of foreign exchange rate fluctuations, sales decreased by 2.4 percent. The company said that comparable sales for the quarter decreased by 1.8 percent, including a 220 basis-point impact from the continued repositioning of the Champs Sports...

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Foot Locker debuts new retail concept at Willowbrook Mall, New Jersey

Foot Locker, Inc., launched a new global retail concept at Willowbrook Mall in Wayne, New Jersey, today as part of its broader growth strategy outlined in its March 2023 Lace Up Plan. Designed to offer customers an elevated shopping experience, the new concept, dubbed the “store of the future,” features a bold storefront and a distinctive...

People

Foot Locker names Cindy Carlisle as chief human resources officer

Foot Locker has announced the appointment of Cindy Carlisle as executive vice president and chief human resources officer. "I am confident that Cindy's deep expertise in HR, culture, engagement, and business strategy will be an incredible asset to our team members as we execute our Lace Up Plan and embark on our next 50 years of growth,” said...

Foot Locker sales increase by 2 percent

Total fourth quarter sales at Foot Locker increased by 2 percent to 2,380 million dollars. Excluding the effect of foreign exchange rate fluctuations, total sales increased by 1.5 percent. The company said that comparable sales decreased by 0.7 percent, driven by a 210 basis-point impact from repositioning the Champs Sports banner, consumer...

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Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

BusinessFeatured

Foot Locker forecasts upbeat outlook, announces India entry

Foot Locker sales decreased by 8.6 percent to 1,986 million dollars in the third quarter, while excluding the effect of foreign exchange rate fluctuations, total sales for the quarter decreased by 10 percent. The company said in a release that comparable-store sales decreased by 8 percent, driven by ongoing consumer softness, changing vendor...

Business

Foot Locker announces new multiyear partnership with NBA

Foot Locker has signed a multiyear partnership with the National Basketball Association (NBA), which sees the US sportswear retailer become an official league marketing partner in the US. The new partnership builds on the long-standing relationship between the two that dates back to 1999 and comes on the heels of the launch of Foot Locker's "The...

Business

Footasylum: FY profits narrow despite increase in revenue

British footwear and sportswear retailer Footasylum has reported narrowing profit despite a 6 percent increase in revenue in its most recent full-year report. The Rochdale, England-based company posted a net profit of 1.76 million pounds in the 12 months to January 28, down from 8.9 million pounds the prior year. On a brighter note, gross profit...

Footasylum: FY profits narrow despite increase in revenue

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Foot Locker slides into the red in the second quarter

The US retail group Foot Locker Inc. presented disappointing figures for the second quarter of the 2023/24 financial year and once again lowered its forecasts. The unexpectedly weak results and prospects immediately weighed on the share prices of numerous companies in the sporting goods industry. For the second quarter ended July 29, Foot Locker...

PeopleFeatured

Foot Locker taps former Nike exec to head WSS banner

Foot Locker has named former Nike veteran Blanca Gonzalez as the new senior vice president and general manager of WSS after buying the retailer in 2021 for 750 million dollars. Gonzalez joins the business from Nike, where she served for 19 years, most recently as vice president of North America product merchandising. “I am honored to join Foot...

BusinessFeatured

Foot Locker reports drop in Q4 profit, but beats expectations

Sportswear retailer Foot Locker has reported a drop in profit in the fourth quarter as its sales fell slightly, but its overall results were ahead of expectations. The New York-based company made a net profit of 19 million dollars in the quarter ended January 28, down from a profit of 103 million dollars a year earlier. That came as the...