Footlocker.com
Foot Locker
Foot Locker, Inc. is one of the largest American sportswear and footwear retailers. The headquarters of the company is located in New York City. The company operates in more than 20 countries across the world. The chain of its subsidiary retail outlets consists of Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction USA, Eastbay/Footlocker.com and in addition to owning the rights over retail outlets such as Final Score, ESPN Shop, NBA Store, AFL Store, and The United States Olympic Shop.
History
Woolworth purchased the Kinney Shoe Corporation in 1963 and operated the company as a subsidiary. Eventually Kinney diversified itself into specialty shoe stores. Some of the most remarkable ones of this venture were Stylco started in 1967, Susie Casuals started in 1968, and Foot Locker began in 1974. In 1989, the F.W. Woolworth Company established a separate company under the name Woolworth Corporation in New York State, which was responsible for the company’s operations of the Foot Locker stores among the other specialty chains operated by Woolworth's. During 1980s and 1990s, the department store chain of the Woolworth Company declined and eventually the last store of the chain was closed down in 1997. In 1998, Woolworth Corporation changed its name into Venator Group, Inc and remained the parent company of Foot Locker. Due to its poor performance, Venator announced the closure of the remaining Kinney Shoe and Footquarters stores in 1998. However, because of its tremendous success and the market value of the brand name Foot Locker, Venator changed its name to Foot Locker, Inc. In 2004, Foot Locker acquired the Footaction USA and over 350 stores from Footstar.
Products & Services
Foot Locker, Inc. is into retail business of athletic footwear and apparel with a global presence operating 3,942 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand. Through its subsidiaries, Foot Locker operates in two segments namely Athletic Stores and Direct-to-Customers. The Athletic Stores segment is renowned as an athletic footwear and apparel retailer. The diverse formats of the company consist of Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports and Footaction. The Direct-to-Customers segment operates through Footlocker.com, Inc., which markets its products through its affiliates including Eastbay, Inc. The mode of sales for this segment is through catalogs and Internet Websites. The principal brand of the company is Foot Locker. In a significant development, the company also has entered into a 10-year area development agreement with the Alshaya Trading Co. W.L.L., in 2006 with separate license agreements for the operation of a minimum of 75-foot Locker stores.
Company Profile
Foot Locker, Inc. is a public industry listed in the New York stock exchange under the symbol FL. The company has over 45,406 employees with employee growth rate of 2.6%. The annual sales of the company are around $5,750.0M (2007) with a net income of $251.0M. The company has over 3,921 primarily mall-based stores in the United States, Canada, Europe and Asia Pacific including Australia and New Zealand. The principal competitors of the company are Finish Line, Sports Authority, and Wal-Mart.
Official Website
The official website of the company is FootLocker.com. For additional information regarding the corporate profile, market research study, company history, and other related information, the sites listed under references and additional readings can be consulted.
Languages
English
Address
- 112 W 34th St
- New York NY 10120 US
Additional Information
Related Domains
External Links
- Alexa: Footlocker.com
- Business.com
- Google Finance
- Hoovers Factsheet
- Hoovers Company Research
- Experience.com
References
- 1. FootLocker.com
- 2. Wikipedia
- 3. Answers.com
- 4. Reuters.com
- 5. Reueters Company Overview
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