Foot Locker news and archive

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...

Report

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...

ManagementFeatured

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...

ManagementFeatured

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...

Report

Foot Locker appoints interim CFO as search continues

Foot Locker has announced that Robert Higginbotham, its current senior vice president, investor relations and financial planning and analysis, has been appointed to the position of interim chief financial officer, effective March 1. Higginbotham will continue to fulfil the duties of his current role and will serve in an interim capacity while...

ManagementFeatured

Foot Locker announces exec exit, job cuts, and wind-down of Sidestep in Europe

Foot Locker shared a variety of news Thursday as it became the latest fashion company to announce job cuts. The New York-based specialty athletic retailer said in a regulatory filing that it would be cutting “a number of corporate and support roles” in order to streamline the business and enhance its operational efficiency. As a result of the...

ManagementFeatured

Foot Locker CFO to step down in executive team shake-up

Foot Locker has announced a number of changes to its top team, including the departure of its chief financial officer and the appointment of a new chief operating officer. The New York-based specialty athletic retailer announced Thursday that Andrew Page will step down as CFO following the company's Q4 earnings report. A search for a successor...

ManagementFeatured

Foot Locker ups FY outlook as Q3 results beat expectations

Foot Locker has upped its full-year guidance after reporting a smaller than expected drop in sales and profit in the third quarter of the year. The New York-based athletic retailer posted sales of 2.2 billion dollars in the three months to October 29, down 0.7 percent on a reported basis, but up 3.3 percent on a constant currency basis. The...

RetailFeatured

Puma and Foot Locker expand partnership to target “next-generation customers”

Sportswear brand Puma and New York-based speciality athletic retailer Foot Locker, Inc. are strengthening their partnership with a focus on basketball and exclusive product collaborations to “meet the demands of this growing next-generation market segment”. In a statement, both companies said that the partnership would allow them to reach new...

ManagementFeatured

Foot Locker Q2 profit falls, new CEO and chair announced

Foot Locker has reported a drop in profit and sales in the second quarter against record results a year earlier as it announced key changes to its leadership team. In the three months to July 30, net income dropped steeply to 94 million dollars from 430 million dollars a year earlier. Meanwhile, net sales came in at 2.07 billion dollars, down...