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Foot Locker
Formerly called
  • Woolworth Corporation (1988–1997)
  • Venator Group (1997–2001)
Type
Public
Traded as NYSE: FL
S&P 500 Component
Industry Clothing
Predecessor F. W. Woolworth Company
Founded
  • September 12, 1974; 43 years ago (1974-09-12) (as Foot Locker)
    City of Industry, California, U.S.
  • 1988 (1988) (as Woolworth Corporation)
    New York City, New York, U.S.
Founder F. W. Woolworth and Santiago Lopez
Headquarters 330 West 34th Street, New York City, New York, United States
Number of locations
3,363 stores
Area served
Worldwide
Key people
  • Richard Johnson (President & CEO) Santiago Lopez cano (Chairman)
(President & CEO - USA)
Brands
  • Foot Locker
  • Kids Foot Locker
  • Lady Foot Locker
  • Footaction
  • SIX:02
  • Runner's Point
  • Sidestep
  • Champs Sports
  • Eastbay
Revenue Increase US$ 7.151 billion (FY 2014)
Operating income
Increase US$ 809 million (FY 2014)
Net income
Increase US$ 520 million (FY 2014)
Total assets Increase US$ 3.577 billion (FY 2014)
Total equity Increase US$ 2.496 billion (FY 2014)
Number of employees
44,113
Website www.footlocker.com

Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in 28 countries worldwide.

Although established in 1974, and founded as a separate company in 1988, 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 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.

In 1963, the 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 on September 12, 1974 (in Puente Hills Mall in City of Industry, California). 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 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 in 1997. Deciding to continue aggressive expansion into the athletic business in the following years, the company acquired 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 shoe store manager who said the company systematically discriminated against its African American employees by offering more opportunities for promotions to white managers.

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. On November 19, 2004, Foot Locker announced that its quarterly profit rose 19 percent, helped by stronger sales.

In 2004, Foot Locker acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million. On April 14, 2004, 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.

On January 10, 2005, the company announced that Nick Grayston was promoted to President and Chief Executive Officer of its Foot Locker U.S. division, succeeding Tim Finn who retired from the company.

In 2007, Foot Locker joined with schoolPAX to launch the Foot Locker School Rewards Program, designed to provide charitable donations to schools who sign up and shop at Foot Locker with a custom-coded keytag or school code.

In 2011, 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 celebrated the 100th anniversary of the first stock offering made by its predecessor, the F. W. Woolworth Company, on the New York Stock Exchange by ringing the Closing Bell for the trading day.

In 2013, the company acquired the German retailer Runners Point Group.

Foot Locker has steadily risen in Fortune 500 rank, from 446 in 2011, to 435 in 2012, 413 in 2013, and 400 in 2014. Foot Locker has recorded a record turnover of 7.151 billion dollars at the end of the fiscal year.

Foot Locker formerly owned CCS, a retailer of shoes, clothing and equipment for skateboarding and snowboarding. As of January 2014 CCS sponsored 16 professional skateboarders:

Americas

Asia and Middle East

Europe

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-17 Future report Set alerts
Q2 2022 2022-08-19 1.10 1.10
Q1 2022 2022-05-20 1.60 1.60
Q4 2021 2022-02-25 1.67 1.67
Q3 2021 2021-11-19 1.93 1.93
Q2 2021 2021-08-20 2.21 2.21
Q1 2021 2021-05-21 1.96 1.96
Q4 2020 2021-02-26 1.55 1.55
Q3 2020 2020-11-20 0.00 0.00
Q2 2020 2020-08-21 0.71 0.43

Ratings

2016-06-29 Reiterated Rating BB&T Corp. Positive $80.00 to $70.00
2016-06-29 Reiterated Rating Jefferies Group Buy $73.00
2016-06-16 Reiterated Rating Brean Capital Buy
2016-06-15 Reiterated Rating Piper Jaffray Buy
2016-06-15 Reiterated Rating Piper Jaffray Cos. Buy
2016-06-14 Reiterated Rating Robert W. Baird Outperform $78.00
2016-06-10 Reiterated Rating Bank of America Buy
2016-06-10 Reiterated Rating Bank of America Corp. Buy
2016-05-31 Reiterated Rating Piper Jaffray Overweight $67.00
2016-05-27 Reiterated Rating B. Riley Neutral $63.00
2016-05-24 Reiterated Rating Citigroup Inc. Buy
2016-05-24 Reiterated Rating Jefferies Group Buy $82.00 to $73.00
2016-05-23 Reiterated Rating FBR & Co. Market Perform $71.00
2016-05-23 Lower Price Target Brean Capital $66.00
2016-05-23 Lower Price Target Canaccord Genuity Buy $81.00 to $75.00
2016-05-23 Reiterated Rating BB&T Corp. Buy $80.00
2016-05-23 Lower Price Target Telsey Advisory Group Outperform $78.00 to $72.00
2016-05-23 Reiterated Rating FBR & Co Market Perform $71.00
2016-05-22 Reiterated Rating B. Riley Neutral $63.00
2016-05-19 Reiterated Rating Brean Capital Buy $78.00
2016-05-17 Reiterated Rating Piper Jaffray Overweight $67.00
2016-05-17 Reiterated Rating Susquehanna Positive $82.00
2016-05-17 Reiterated Rating Goldman Sachs Sell
2016-05-17 Reiterated Rating B. Riley Neutrals $71.00
2016-05-17 Reiterated Rating Goldman Sachs Group Inc. Sell
2016-05-16 Reiterated Rating Deutsche Bank Buy $80.00 to $79.00
2016-05-16 Reiterated Rating Canaccord Genuity Buy $81.00
2016-05-16 Reiterated Rating Sterne Agee CRT Buy
2016-05-16 Reiterated Rating Deutsche Bank AG Buy $80.00 to $79.00
2016-05-05 Reiterated Rating Piper Jaffray Overweight $67.00
2016-04-15 Downgrade Cowen and Company Outperform to Market Perform $75.00 to $66.00
2016-04-12 Upgrade Piper Jaffray Neutral to Overweight $67.00
2016-04-12 Reiterated Rating Deutsche Bank Buy
2016-03-30 Reiterated Rating Robert W. Baird Outperform
2016-03-18 Reiterated Rating Goldman Sachs Sell $59.00 to $58.00
2016-02-29 Reiterated Rating Piper Jaffray Neutral $67.00
2016-02-29 Reiterated Rating Brean Capital Buy $77.00 to $78.00
2016-02-29 Reiterated Rating B. Riley Neutral $71.00
2016-02-29 Reiterated Rating Sterne Agee CRT Buy
2016-02-27 Reiterated Rating Citigroup Inc. Buy
2016-02-24 Reiterated Rating Canaccord Genuity Buy $80.00
2016-02-24 Boost Price Target B. Riley Neutral $66.00 to $72.00
2016-02-16 Reiterated Rating Citigroup Inc. Buy
2016-02-13 Reiterated Rating Deutsche Bank Buy
2016-02-05 Initiated Coverage Credit Suisse Neutral $70.00
2016-02-05 Initiated Coverage Credit Suisse Group AG Neutral $70.00
2016-02-02 Reiterated Rating BB&T Corp. Buy
2016-01-08 Upgrade Bank of America Neutral to Buy $74.00
2016-01-05 Boost Price Target Deutsche Bank Buy $80.00 to $81.00
2015-12-22 Upgrade Bank of America Underperform to Neutral $60.00 to $70.00
2015-12-10 Reiterated Rating Canaccord Genuity Buy $80.00
2015-12-04 Initiated Coverage BB&T Corp. Buy $80.00
2015-12-02 Reiterated Rating Deutsche Bank Buy
2015-11-23 Boost Price Target Brean Capital Buy $75.00 to $77.00
2015-11-23 Boost Price Target B. Riley Neutral $65.00 to $66.00
2015-11-20 Reiterated Rating Piper Jaffray Neutral $72.00
2015-11-18 Initiated Coverage Wells Fargo Outperform to Outperform $61.14
2015-11-18 Reiterated Rating B. Riley Neutral $65.00 to $74.00
2015-11-18 Initiated Coverage Wells Fargo & Co. Outperform to Outperform $61.14
2015-11-16 Reiterated Rating Canaccord Genuity Buy
2015-11-12 Reiterated Rating Sterne Agee CRT Buy $85.00
2015-11-12 Lower Price Target Brean Capital Buy $79.00 to $75.00
2015-11-10 Reiterated Rating Cowen and Company Buy $80.00 to $75.00
2015-11-10 Downgrade Buckingham Research Buy to Neutral $82.00 to $69.00
2015-11-09 Reiterated Rating B. Riley Neutral $74.00
2015-11-04 Reiterated Rating B. Riley Neutral $74.00
2015-11-02 Lower Price Target Janney Montgomery Scott $62.00
2015-11-01 Reiterated Rating Deutsche Bank Buy $80.00
2015-10-28 Reiterated Rating Sterne Agee CRT Buy $85.00
2015-10-15 Initiated Coverage Brean Capital Buy $79.00
2015-10-08 Initiated Coverage Argus Buy $88.00
2015-09-17 Initiated Coverage Deutsche Bank Buy $27.00
2015-08-24 Reiterated Rating Telsey Advisory Group Buy
2015-08-24 Reiterated Rating Deutsche Bank Buy
2015-08-24 Reiterated Rating Canaccord Genuity Buy $80.00
2015-08-24 Boost Price Target B. Riley Neutral $72.00 to $74.00
2015-08-24 Reiterated Rating Barclays Buy $76.00 to $83.00
2015-08-24 Boost Price Target Susquehanna Positive $78.00 to $80.00
2015-08-24 Boost Price Target Sterne Agee CRT Buy $75.00 to $85.00
2015-08-24 Boost Price Target Piper Jaffray $72.00
2015-08-24 Reiterated Rating Morgan Stanley Equal Weight $78.00
2015-08-24 Reiterated Rating Barclays PLC Buy $76.00 to $83.00
2015-08-22 Reiterated Rating Cowen and Company Buy $77.00 to $80.00
2015-08-21 Boost Price Target Telsey Advisory Group Outperform $74.00 to $77.00
2015-08-21 Boost Price Target Deutsche Bank $80.00
2015-08-21 Reiterated Rating Piper Jaffray Neutral $60.00
2015-08-20 Boost Price Target Barclays Overweight $70.00 to $76.00
2015-08-19 Boost Price Target B. Riley Neutral $72.00 to $74.00
2015-08-17 Boost Price Target Canaccord Genuity Buy $72.00 to $78.00
2015-08-17 Reiterated Rating Deutsche Bank Buy $78.00
2015-08-11 Reiterated Rating Citigroup Inc. Buy
2015-08-10 Reiterated Rating B. Riley Neutral $72.00
2015-08-05 Reiterated Rating B. Riley Neutral $72.00
2015-08-04 Boost Price Target Cowen and Company Outperform $69.00 to $77.00
2015-07-21 Boost Price Target Deutsche Bank Buy $71.00 to $78.00
2015-07-20 Initiated Coverage B. Riley Neutral $71.00
2015-07-16 Reiterated Rating Telsey Advisory Group Outperform $70.00 to $74.00
2015-07-15 Initiated Coverage B. Riley Neutral $71.00
2015-06-29 Boost Price Target Susquehanna Positive $73.00 to $78.00
2015-06-08 Upgrade Canaccord Genuity Hold to Buy $33.00
2015-06-03 Reiterated Rating Deutsche Bank Buy $71.00
2015-05-26 Reiterated Rating Sterne Agee CRT Buy $65.00 to $75.00
2015-05-26 Upgrade S&P Equity Research Strong-Buy
2015-05-26 Boost Price Target Janney Montgomery Scott Buy $69.00 to $70.00
2015-05-26 Boost Price Target FBR & Co. Market Perform $59.00 to $63.00
2015-05-23 Reiterated Rating Piper Jaffray Neutral $59.00 to $60.00
2015-05-23 Reiterated Rating Deutsche Bank Buy $69.00 to $71.00
2015-05-22 Boost Price Target Telsey Advisory Group Outperform $68.00 to $70.00
2015-05-20 Reiterated Rating Canaccord Genuity Buy $70.00
2015-05-19 Set Price Target Piper Jaffray Hold $59.00
2015-05-19 Reiterated Rating Cowen and Company Outperform $67.00
2015-04-02 Reiterated Rating Telsey Advisory Group Buy $64.00 to $68.00
2015-03-30 Set Price Target Jefferies Group Buy $68.00
2015-03-17 Set Price Target Canaccord Genuity Buy $70.00
2015-03-17 Reiterated Rating Sterne Agee CRT Buy $75.00
2015-03-12 Initiated Coverage Cowen and Company Outperform $67.00
2015-03-09 Reiterated Rating Piper Jaffray Hold $57.00 to $59.00
2015-03-09 Boost Price Target Janney Montgomery Scott Buy $62.00 to $68.00
2015-03-09 Boost Price Target Telsey Advisory Group Outperform $62.00 to $64.00
2015-03-06 Set Price Target Canaccord Genuity Buy $61.00 to $70.00
2015-03-02 Set Price Target Sterne Agee CRT Buy $65.00
2015-02-19 Set Price Target Barclays Buy $70.00
2015-01-30 Upgrade Barclays Equal Weight to Overweight $60.00 to $70.00
2015-01-15 Reiterated Rating Sterne Agee CRT Buy $65.00
2015-01-14 Downgrade Goldman Sachs Neutral to Sell $55.63 to $47.00
2015-01-09 Downgrade Credit Suisse Outperform to Neutral $57.00
2014-12-19 Reiterated Rating Sterne Agee CRT Buy $65.00
2014-12-19 Downgrade Bank of America Neutral to Underperform
2014-12-10 Lower Price Target Bank of America Neutral $29.00 to $28.00
2014-11-07 Upgrade OTR Global Positive
2014-11-07 Initiated Coverage FBR & Co. Market Perform
2014-09-26 Downgrade Bank of America Buy to Neutral
2014-09-17 Initiated Coverage Piper Jaffray Neutral
2014-09-15 Boost Price Target JPMorgan Chase & Co. Overweight $51.00 to $60.00
2014-09-04 Initiated Coverage Jefferies Group Buy to Buy $66.00
2014-08-26 Reiterated Rating Citigroup Inc. Buy $56.00 to $62.00
2014-08-25 Reiterated UBS Buy $58 to $60
2014-08-25 Boost Price Target Telsey Advisory Group Not Rated $52.00 to $61.00
2014-08-25 Boost Price Target Canaccord Genuity Buy to Buy $56.00 to $59.00
2014-08-25 Downgrade Piper Jaffray Overweight to Neutral $54.00 to $57.00
2014-08-20 Reiterated Rating Deutsche Bank Buy $53.00 to $55.00
2014-06-25 Initiated Coverage Buckingham Research Buy $58.00
2014-06-12 Boost Price Target Sterne Agee CRT Buy $55.00 to $60.00
2014-06-11 Reiterated Rating Sterne Agee CRT Top Pick
2014-06-11 Reiterated Rating JPMorgan Chase & Co. Overweight $50.00 to $51.00
2014-05-27 Reiterated UBS Buy $51 to $54
2014-05-27 Reiterated Canaccord Genuity Buy $55 to $56
2014-05-27 Boost Price Target Sterne Agee CRT Buy $52.00 to $55.00
2014-05-27 Boost Price Target Janney Montgomery Scott Buy to Fair Value $55.00 to $56.00
2014-05-22 Reiterated Rating Deutsche Bank Buy $51.00
2014-05-20 Boost Price Target Canaccord Genuity Buy $52.00 to $55.00
2014-04-24 Reiterated Rating Deutsche Bank Buy $51.00 to $48.00
2014-03-14 Boost Price Target JPMorgan Chase & Co. Overweight $47.00 to $50.00
2014-03-10 Boost Price Target Barclays Equal Weight $39.00 to $50.00
2014-03-10 Boost Price Target Piper Jaffray $45.00 to $53.00
2014-03-10 Reiterated Rating Janney Montgomery Scott Fair Value $48.00 to $53.00
2014-03-10 Boost Price Target Canaccord Genuity $43.00 to $52.00
2014-03-10 Boost Price Target Telsey Advisory Group Not Rated $46.00 to $51.00
2014-03-04 Boost Price Target Susquehanna $46.00 to $49.00
2014-02-14 Boost Price Target Deutsche Bank Buy $41.00 to $45.00
2014-01-27 Initiated Coverage JPMorgan Chase & Co. Overweight to Overweight $47.00
2014-01-17 Boost Price Target Susquehanna $44.00 to $46.00
2013-12-27 Boost Price Target Bank of America $43.00 to $45.00
2013-11-25 Reiterated Janney Buy $42 to $44
2013-11-25 Boost Price Target Canaccord Genuity Buy $39.00 to $43.00
2013-11-25 Boost Price Target Sterne Agee CRT Buy $41.00 to $46.00
2013-11-25 Boost Price Target Janney Montgomery Scott Buy $42.00 to $44.00
2013-11-15 Reiterated Rating Canaccord Genuity Buy $39.00
2013-11-15 Boost Price Target Janney Montgomery Scott Buy $39.00 to $42.00
2013-10-30 Initiated Coverage Morgan Stanley Equal Weight
2013-05-28 Reiterated Barclays Equal Weight $36 to $39
2013-05-15 Reiterated Janney Buy $37 to $39
2013-03-11 Reiterated RBC Capital Mkts Outperform $41 to $39
2013-02-21 Reiterated Northland Capital Outperform $41 to $42
2012-11-16 Upgrade Northland Securities Market Perform to Outperform
2012-08-20 Reiterated Northland Securities Market Perform $35 to $37
2012-08-20 Reiterated Barclays Equal Weight $35 to $38
2012-05-29 Upgrade Deutsche Bank Hold to Buy $32 to $38
2016-06-29 Reiterated Rating BB&T Corp. Positive $80.00 to $70.00
2016-06-29 Reiterated Rating Jefferies Group Buy $73.00
2016-06-16 Reiterated Rating Brean Capital Buy
2016-06-15 Reiterated Rating Piper Jaffray Buy
2016-06-15 Reiterated Rating Piper Jaffray Cos. Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HICKS KEN C Chairman and CEO 0.39%  (565805) AVY / FL / WFM /
MCHUGH ROBERT W EVP - Operations Support 0.10%  (137141) FL /
DIPAOLO NICHOLAS P 0.05%  (68964) DFZ / FL /
YOUNG DONA D 0.04%  (61030) FL /
Verma Pawan SVP and CIO 0.03%  (46380) FL /
TURPIN CHERYL N 0.03%  (44022) FL /
Jacobs Stephen EVP & CEO North America 0.03%  (37263) FL /
MCKENNA MATTHEW M 0.02%  (35000) FL /
Martin William Scott SVP - Real Estate 0.02%  (34831) FL /
BERK JEFFREY L Senior Vice President 0.02%  (32875) FL /
PETERS LAUREN B EVP & Chief Financial Officer 0.02%  (29839) FL / LZB /
FELDMAN ALAN D 0.02%  (27475) FL / GNC / JBT /
Kimble Lewis Phillip EVP & CEO International 0.02%  (26146) FL /
Johnson Richard A EVP and COO 0.02%  (25123) FL / HRB /
Alviti Paulette SVP & Chief HR Officer 0.01%  (20912) FL /
Marmol Guillermo 0.01%  (14848) FL / III / VSI /
BAHLER GARY M SVP, Gen. Counsel & Secretary 0.01%  (13099) FL /
Clark Maxine 0.01%  (10833) BBW / FL /
BROWN PETER D SVP-Chief Information Officer 0.01%  (9611) FL /
GILBERT JAROBIN JR 0.01%  (8884) FL /