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Foot Locker
Foot Locker
Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City,[3] and operating in 28 countries worldwide. Although established in 1974, and founded as a separate company in 1988, Foot Locker
Foot Locker
is a successor corporation to the F. W. Woolworth Company (“Woolworth’s”), as many of its freestanding stores were former Woolworth's locations. The company operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), and other athletic-based divisions including Champs Sports, Footaction USA, House of Hoops, and Eastbay/Footlocker.com, which owns the rights to Final Score. The company is also famous for its employees' uniforms at its flagship Foot Locker
Foot Locker
chain, resembling those of referees. According to the company's filings with the SEC, as of January 28, 2017, Foot Locker, Inc. had 3,363 primarily mall-based stores in the United States, Canada, Europe, and Asia. Nearly 70% of its product is from Nike.[4]

Contents

1 History 2 CCS 3 Stores 4 References 5 External links

History[edit] In 1963, the F.W. Woolworth Company
F.W. Woolworth Company
purchased the Kinney Shoe Corporation and operated it as a subsidiary. In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Foot Locker
Foot Locker
on September 12, 1974 (in Puente Hills Mall in City of Industry, California).[5] Woolworth also diversified its portfolio of specialty stores in the 1980s, including Afterthoughts, Northern Reflections, Rx Place, and Champs Sports. By 1989, the company was pursuing an aggressive strategy of multiple specialty store formats targeted at enclosed shopping malls. The idea was that if a particular concept failed at a given mall, the company could quickly replace it with a different concept. The company aimed for 10 stores in each of the country's major shopping malls, but this never came to pass as Woolworth never developed that many successful specialty store formats. In 1988, the F.W. Woolworth Company
F.W. Woolworth Company
incorporated a separate company called the Woolworth Corporation in the state of New York. The Woolworth Corporation was responsible for the operations of the Foot Locker stores, among the other specialty chains operated by Woolworth's. One of its first moves was the acquisition of Champs Sports and to rename itself the Woolworth Athletic Group. During the 1980s and 1990s, the F.W. Woolworth Company’s flagship department store chain fell into decline, ultimately culminating in the closure of the last stores operating under the name of Woolworth’s in the United States
United States
in 1997. Deciding to continue aggressive expansion into the athletic business in the following years, the company acquired Eastbay
Eastbay
in 1997, which was the largest athletic catalog retailer in the United States, as well as subsequent purchases of regional storefront retailers Sporting Goods (purchased in 1997) and The Athletic Fitters (purchased in 1998). After 1997, Wal-Mart replaced Woolworth in the Dow Jones average. The Woolworth Corporation remained the parent company of Foot Locker, and in 1998 it changed its name to "Venator Group, Inc." By the 1990s, Foot Locker was responsible for more than 70 percent of Kinney Shoe Corp. sales, while traditional shoe retailer Kinney was in decline. Venator announced the shuttering of the remaining Kinney Shoe and Footquarters stores on September 16, 1998. On February 12, 1999, a federal jury in Austin awarded $341,000 Thursday to a former Foot Locker
Foot Locker
shoe store manager who said the company systematically discriminated against its African American employees by offering more opportunities for promotions to white managers.[6]

Foot Locker
Foot Locker
store, Tower City Center, Cleveland, Ohio

A Foot Locker
Foot Locker
branch in Bradford, West Yorkshire

Foot Locker
Foot Locker
in Hillcrest Mall

Foot Locker, Southside Wandsworth, London

As the “Foot Locker” brand had become the Woolworth/Venator company’s top performing line, on November 2, 2001 Venator changed its name to Foot Locker, Inc.[7] On November 19, 2004, Foot Locker announced that its quarterly profit rose 19 percent, helped by stronger sales.[8] In 2004, Foot Locker
Foot Locker
acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million.[9] On April 14, 2004, Foot Locker
Foot Locker
Inc. announced that it agreed to buy about 350 Footaction stores from bankrupt Footstar Inc. for $160 million to expand in urban areas.[10] On January 10, 2005, the company announced that Nick Grayston was promoted to President
President
and Chief Executive Officer of its Foot Locker U.S. division, succeeding Tim Finn who retired from the company.[11] In 2007, Foot Locker
Foot Locker
joined with schoolPAX[12] to launch the Foot Locker School Rewards Program,[13] designed to provide charitable donations to schools who sign up and shop at Foot Locker
Foot Locker
with a custom-coded keytag or school code. In 2011, Foot Locker
Foot Locker
joined DoSomething.Org for the Foot Locker Scholar Athletes program, which honors high school athletes for demonstrating academic excellence as well as flexing their hearts on their sports team and in their communities. On June 26, 2012, Foot Locker
Foot Locker
celebrated the 100th anniversary of the first stock offering made by its predecessor, the F. W. Woolworth Company, on the New York Stock Exchange
New York Stock Exchange
by ringing the Closing Bell for the trading day. In 2013, the company acquired the German retailer Runners Point Group.[14] Foot Locker
Foot Locker
has steadily risen in Fortune 500
Fortune 500
rank, from 446 in 2011,[15] to 435 in 2012,[16] 413 in 2013,[17] and 400 in 2014.[18] Foot Locker
Foot Locker
has recorded a record turnover of 7.151 billion dollars at the end of the fiscal year.[19] CCS[edit] Foot Locker
Foot Locker
formerly owned CCS, a retailer of shoes, clothing and equipment for skateboarding and snowboarding.[20] As of January 2014 CCS sponsored 16 professional skateboarders:

Nyjah Huston Lizard King Shane O'Neill Torey Pudwill Rick Howard David González Arto Saari Theotis Beasley Mark Appleyard Ryan Sheckler Brian Anderson Silas Baxter-Neal Sierra Fellers Corey Duffel Brandon Westgate Cairo Foster

Stores[edit]

Americas

  United States
United States
1,171   Canada
Canada
130

Asia and Middle East Australia

  Saudi Arabia
Saudi Arabia
28   Israel
Israel
18   United Arab Emirates
United Arab Emirates
15   Kuwait
Kuwait
10   South Korea
South Korea
6   Bahrain
Bahrain
4  Qatar: 4   Turkey
Turkey
3   Lebanon
Lebanon
2

Europe

  Italy
Italy
171   France
France
122   Germany
Germany
82   United Kingdom
United Kingdom
64   Spain
Spain
55   Netherlands
Netherlands
41   Belgium
Belgium
21   Portugal
Portugal
16   Czech Republic
Czech Republic
10    Switzerland
Switzerland
9   Austria
Austria
8  Ireland 8   Denmark
Denmark
6   Sweden
Sweden
5   Poland
Poland
4   Greece
Greece
3   Luxembourg
Luxembourg
2   Hungary
Hungary
1

References[edit]

^ a b c Foot Locker
Foot Locker
(FL) annual SEC income statement filing via Wikinvest ^ a b Foot Locker
Foot Locker
(FL) annual SEC balance sheet filing via Wikinvest ^ "Foot Locker, Inc." Foot Locker. Retrieved on January 22, 2010. ^ Bain, Marc (18 August 2017). " Foot Locker
Foot Locker
has a Nike problem". Quartz (publication). Retrieved 18 August 2017.  ^ "The Evolution of Foot Locker
Foot Locker
Stores Over 40 Years". Sole Collector.  ^ " Foot Locker
Foot Locker
loses race bias suit; African American says he was given".  ^ Venator Group, Inc. Announces Name Change to Foot Locker, Inc., Retail Operations and Construction, November 2, 2001 ^ " Foot Locker
Foot Locker
Profit Up".  ^ Scardino, Emily. Foot Locker
Foot Locker
acquires Footaction Stores to step up growth, DSN Retailing Today, May 3, 2004 ^ " Foot Locker
Foot Locker
to buy about 350 stores".  ^ "FOOT LOCKER, INC. ANNOUNCES DIVISIONAL MANAGEMENT CHANGES".  ^ "School Pax Escola de Negócios". School Pax Escola de Negócios.  ^ " Foot Locker
Foot Locker
School Rewards". Archived from the original on 2009-04-22.  ^ 4-traders. "Foot Locker, Inc. : Completes Acquisition of Runners Point Group". 4-Traders. Retrieved 2013-08-12.  ^ Brett Krasnove (9 May 2014). " Fortune 500
Fortune 500
- Fortune". Fortune.  ^ Brett Krasnove (9 May 2014). " Fortune 500
Fortune 500
- Fortune". Fortune.  ^ Brett Krasnove (21 May 2014). " Fortune 500
Fortune 500
- Fortune". Fortune.  ^ Brett Krasnove (2 June 2014). "Foot Locker, Inc". Fortune.  ^ Gonzalez-Rodriguez, Angela (March 9, 2015). "Foot Locker, a foot ahead market expectations". FashionUnited. Retrieved June 11, 2015.  ^ "CCS.com". 

External links[edit]

Wikimedia Commons has media related to Foot Locker.

Official website History of Kinney Shoes

Business data for Foot Locker: Google Finance Yahoo! Finance Reuters SEC filings

v t e

F. W. Woolworth Company—Foot Locker

Company

F. W. Woolworth Company Champs Sports Eastbay Foot Locker Kinney Shoes Woolco Other divisions and namesakes

Buildings

List of Woolworth buildings Woolworth Building Lexington Store St. Louis Office Shadow Lawn Watertown Store Wilmington Store Winfield Hall Winfield House

Culture

"Love at the Five and Dime" Seafoam salad Woolworth v. Contemporary Arts

Events

Foot Locker
Foot Locker
Cross Country

Civil rights

Greensboro sit-ins Ezell Blair Jr. Franklin McCain Joseph McNeil David Richmond International Civil Rights Center and Museum February One Clarence Harris Lexington Woolworths Nashville sit-ins

Family

Frank Winfield Woolworth Barbara Hutton Poor Little Rich Girl Lance Reventlow

New York City
New York City
porta

.