All Foot Locker articles

  • News briefs

    S&P upgrades its outlook for Foot Locker


    The st onger-than-expected performance of Foot Locker in the past financial year has led Standard Poor’s to upgrade its outlook for the company from negative to stable, while affirming its BB+ issuer credit rating. Foot Locker’s leverage reached a range in the mid-1x; which was much ...

  • Article

    Foot Locker releases its inaugural Impact Report


    Following similar steps recently taken by key suppliers such as Nike, Adidas, Puma and Under Armour , Foot Locker has released its Impact Report, which describes the company’s environmental, social and governance efforts. The report covers the company’s global operations for the fiscal years 2019 and 2020, from ...

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    Sporting goods industry stocks rose by 10.9% in Q1 2021


    Confirming the resilience of our industry, the average stock market value of 38 selected public companies in the sporting goods sector advanced by 10.9 percent in the first three months of 2021. Comparatively, the main stock indices grew by only between 2.4 percent and 8.5 percent over the period.

  • News briefs

    Foot Locker has a new CFO, earns praise from Moody’s


    Moody’s has confirmed Foot Locker ’s positive Ba1 corporate family rating, in spite of Covid’s effects on its business, considering that its liquidity is very good. Other assets are its scale, geographic diversification and well-recognized brand names. Key risks are the chain’s narrow focus on the fashion-sensitive premium athletic ...

  • Article

    Foot Locker reports lower sales and profits


    The share price of Foot Locker fell by 8.8 percent at closing on Feb. 26 after the international U.S.-based sports retailer reported a drop of 2.7 percent in comparable sales for the fourth quarter ended Jan. 30, with a 12 percent drop in same-store sales offsetting a 44 percent ...

  • News briefs

    Foot Locker’s capital spending will grow to $275m in 2021


    Foot Locker ’s board of directors has authorized capital investments of $275 million for this year, a big jump from the $155 million spent in 2020, when they were reduced to maintain liquidities in spite of the coronavirus pandemic. Foot Locker’ board has also decided to raise its quarterly dividend ...

  • News briefs

    Foot Locker adopts a “poison pill”


    Foot Locker announced that its board of directors has adopted a “short-term shareholder rights plan” designed to reduce the likelihood that anybody will gain control of the company without appropriately compensating its shareholders. It will distribute one right to each outstanding share as a dividend if any person acquires ...

  • Article

    Expanded: Foot Locker books 7.7% higher same-store sales in Q3


    Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing ...

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    Infographics & Data

    Ranking - The Largest Sporting Goods Retailers Worldwide


    This exclusive chart shows the revenue development of the major global sporting goods retailers in 2019 vs 2018. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.

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    Analysis: The 10 major European sports retailers online


    The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, and it has been accelerating during and after the first wave of the coronavirus pandemic. New business models and start-ups have disrupted classic sales channels. Players with strong roots in technology, data and innovation have been taking an increasing share of the market, profiting from deep consumer insights and trends. But brand awareness, people, careers and leadership are still playing a strong role in the success of any venture, as many of the examined companies stress on their B2B websites.

  • News briefs

    Foot Locker partners with Adyen for online and in-store payments


    Foot Locker is expanding its relationship with Adyen to various markets internationally for in-store and online payments. The international athletic footwear retailer has been working with Adyen since 2018. Headquartered in Amsterdam, Adyen has offices across Europe, North and South America, Asia and Australia.  

  • Screenshot_2020-10-08 Ranking - The largest e-commerce sports shops in Europe
    Infographics & Data

    Ranking - The largest e-commerce sports shops in Europe


    This exclusive chart shows the largest e-commerce sports shops in Europe ranked by website visitors. Included are sporting goods retailer and e-tailer. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.

  • News briefs

    Big recovery at Foot Locker


    In a preliminary statement that sent its stock price high, Foot Locker revealed a jump of 18 percent in same-store sales during its third quarter ended on Aug. 1. Analysts had forecast a loss for the company, but Foot Locker indicated that it may have even beaten the $60 ...

  • News briefs

    A Foot Locker pioneer, Harold Sells, passed away


    Harold Sells , a U.S. executive closely connected with the history of Foot Locker , has died at the age of 92. His career started in 1954 when he opened the first store of Kinney Shoes , a American shoe retail chain that was then bought by Woolworth Corporation , ...

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    Foot Locker will convert about 35 Runners Point stores


    As we had imagined in reporting the phaseout of its Runners Point banner in Germany, Austria and Switzerland, the management of Foot Locker told investors on May 22 that only about 40 stores would be closed, while the others would be converted to the Foot Locker or ...

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    Foot Locker closes its German Runners Point chain


    Confirming in part a report aired on a German TV channel, Foot Locker said it “intends to consolidate our Runners Point business into our other operations in Europe,” after a year-long assessment of its operations and the competitive landscape in Europe. The TV report said that all the ...