|
|
 |
|
| About Us | Products and Brands| Shop at other Shoes ; Fitness and Sports ; Fashion stores | Common Searches |
|
shop at footlocker.xom
shop at footlocker.xom footlocker.cpm shp online at footlocker.cpm internet
store footlocker.cpm footlocker.com .com footlockercom
footlocker.om
shop at footlocker.cm footlocker.co footlocker.com .shop at
footlockercom footlockerc.om footlocker.ocm footlocker.cmo
shop at footlocker.co m footlocker.dom footlocker.fom
footlocker.vom footlocker.c0m footlocker.cpm footlocker.clm
shop at footlocker.ckm footlocker.cim footlocker.con
footlocker.coj footlocker.cok footlocker footlocker.com shop
at footlocker.com footlocker.ccom footlocker.coom
footlocker.comm footlocker.com www footlocker com shop www.footlocker.xom
www.footlocker.cpm www.footlocker.cm Extended Company Profile: Foot Locker, Inc.
Type Public
Founded Company incorporated in 1911 in New York as F.W. Woolworth Company. The
separate division was incorporated in 1989.
Headquarters New York City, USA
Key people Matthew D. Serra, Chairman, President & CEO
Richard T. Mina, President & CEO - U.S.A.
Robert W. McHugh, CFO
Industry Athletic Footwear
Products Clothing and Shoes
Employees 44,109
Website Foot Locker, Inc.
Foot Locker, Inc. (NYSE: FL) is a major American sportswear and footwear
retailer, with its headquarters in New York City, and operating in approximately
20 countries worldwide. It is the successor corporation to the F.W. Woolworth
Company (“Woolworth’s”). Foot Locker, Inc. operates the eponymous “Foot Locker”
chain of athletic footwear retail outlets (along with “Kids Foot Locker” and
“Lady Foot Locker” stores), Champs Sports, Footaction USA, and Eastbay/Footlocker.com
Eastbay/Footlocker.com own the rights to Final Score, ESPN Shop, NBA Store, AFL
Store, and The United States Olympic Shop
According to the company's filings with the SEC, as of January 28, 2006, Foot
Locker, Inc. had 3,921 primarily mall-based stores in the United States, Canada,
Europe and Asia Pacific (including Australia and New Zealand).
History
In 1963, Woolworth 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 in 1974.
Woolworth also diversified its portfolio of specialty stores in the 1980s,
including Afterthoughts, Northern Reflections, 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 1989, 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.
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.
That year, 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.
As the “Foot Locker” brand had became the Woolworth/Venator company’s top
performing line, on October 20, 2001 Venator changed its name to Foot Locker,
Inc.
In 2004, Foot Locker acquired the Footaction USA brand and approximately 350
stores from Footstar for $350 million dollars. wikipedia