Foot Locker Inc news and archive

Foot Locker Inc. announces partnership with Soles4Souls

Foot Locker Inc. has partnered with several global charitable associations to donate footwear to children in need, with Soles4Souls as the main partner of the program. The footwear company has announced its commitment to donate more than 1.5 million dollars in footwear to children going back to school, this equates to 19,000 pairs of shoes...

Business

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...

Business

Foot Locker reports 0.2 percent increase in annual sales

Foot Locker reported a net loss of 49 million dollars or 0.40 dollar per share, for the 14 weeks ended February 3, 2018, compared to net income of 189 million dollars or 1.42 dollars per share in the same period of fiscal 2016. With the benefit of the extra week, total fourth quarter sales increased 4.6 percent, to 2,210 million dollars this...