US sportswear chain Dick’s Sporting Goods has confirmed its intention to acquire footwear retailer Foot Locker in a 2.4 billion dollar deal. The duo have entered a definitive merger agreement holding an enterprise value of around 2.5 billion dollars. By combining the companies, Dick’s is setting out to create a global platform within the sports...
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US retail chain Dick’s Sporting Goods is believed to be close to acquiring Foot Locker Inc. for around 2.3 billion dollars. This is according to a report by the Wall Street Journal (WSJ) that said a deal could be finalised as soon as Thursday, May 15. WSJ stated that Dick’s is looking to buy the footwear retailer for 24 dollars per share,...
Footwear and apparel retailer Foot Locker has appointed Franklin Bracken, currently executive vice president and chief commercial officer, as its new president, effective immediately. Bracken will continue to report to CEO Mary Dillon. In his expanded role, Bracken will collaborate closely with Dillon to expedite the implementation of the...
Footwear retailer Foot Locker reported a 5.8 percent decrease in sales, totaling 2.2 billion dollars for the fourth quarter of 2024. However, comparable sales demonstrated a positive trend, increasing by 2.6 percent. The company also returned to profit with net earnings from continuing operations reaching 55 million dollars, while non-GAAP net...
Foot Locker has elected Sonia Syngal and John Venhuizen as directors of the board, effective January 12, 2025. "In line with our continued focus on regular refreshment to ensure we have the right mix of skills and experience on our board, we are delighted to welcome Sonia and John as new independent directors," said Dona D. Young, Foot Locker’s...
Sports retailer Foot Locker is rolling out a new store concept. The Reimagined store concept has been introduced at the store in the Hoog Catharijne shopping centre in Utrecht. The concept 'sets new standards for the shopping experience in modern sneaker culture', according to the press release. Worldwide, it is the third store with this concept...
American retail group Foot Locker Inc. closed the third quarter of the 2024/25 fiscal year with a slight decline in sales and a large loss. In view of the unexpectedly weak results, the company lowered its forecasts for the full year on Wednesday. In the three months up to November 2, group sales amounted to 1.96 billion US dollars (1.87 billion...
American athletic retailer Foot Locker reported sales increase of 1.9 percent to 1,896 million dollars. Excluding the effect of foreign exchange rate fluctuations, sales increased by 2.5 percent. The company’s comparable sales for the quarter increased by 2.6 percent, led by global Foot Locker and Kids Foot Locker comparable sales growth of 5.2...
Foot Locker has reopened its New York City 34th Street store with a new basketball-themed concept as part of a partnership with Nike and Jordan Brand. The newly designed store, which rings in the introduction of its ‘Home Court’ retail concept, intends to offer customers a multi-brand basketball shopping destination that blends both on-court and...
Foot Locker first quarter sales decreased by 2.8 percent to 1,874 million dollars and excluding the effect of foreign exchange rate fluctuations, sales decreased by 2.4 percent. The company said that comparable sales for the quarter decreased by 1.8 percent, including a 220 basis-point impact from the continued repositioning of the Champs Sports...
Foot Locker, Inc., launched a new global retail concept at Willowbrook Mall in Wayne, New Jersey, today as part of its broader growth strategy outlined in its March 2023 Lace Up Plan. Designed to offer customers an elevated shopping experience, the new concept, dubbed the “store of the future,” features a bold storefront and a distinctive...
Foot Locker has announced the appointment of Cindy Carlisle as executive vice president and chief human resources officer. "I am confident that Cindy's deep expertise in HR, culture, engagement, and business strategy will be an incredible asset to our team members as we execute our Lace Up Plan and embark on our next 50 years of growth,” said...