Foot locker news and archive
Video: Foot Locker introduces All City by Just Don
In this video, Foot Locker has introduced the lifestyle brand All City by Just Don. Watch the video below. Click here to read more about the brand. Video: Foot Locker via YouTube Photo credit: Image: Foot Locker
Nov. 22, 2021
Foot Locker beats Q3 estimates, but warns of supply disruption
Foot Locker has reported stronger-than-expected earnings for the third quarter of the year, but warned supply chain issues will continue to impact the business in the current quarter. In the 13 weeks to October 30, the US athletic apparel and footwear retailer reported net income of 158 million dollars - or 1.52 dollars per share. That was down...
Nov. 19, 2021
Foot Locker implements organisational restructuring
New-york based athletic retailer Foot Locker has announced a number of organisational enhancements as part of its advancement towards long-term global growth and omnichannel ecosystem progress. Franklin R. Bracken, currently the company’s executive vice president and chief executive officer of North America, has been promoted to chief operating...
Nov. 18, 2021
Foot Locker and Don C launch lifestyle brand
Foot Locker has announced the launch of a new lifestyle brand, created alongside designer Don C. Called All City by Just Don, the brand takes inspiration from basketball and sneaker culture. The brand’s style will be a combination of luxury fabrics and modern streetwear in a vintage aesthetic. Its first collection will be a series of hoodies,...
Nov. 9, 2021
Foot Locker completes acquisition of Atmos
US sportswear retailer Foot Locker has announced the completion of its acquisition of Japan-based streetwear label Atmos, for 360 million dollars. The acquisition reflects the New York-based retailer’s commitment to its growth strategy, stating at the time of the initial announcement that the addition will allow for a “highly strategic foothold...
Nov. 2, 2021
Foot Locker to release apparel line, Lckr
Footwear retailer Foot Locker has announced it will be releasing its own apparel line, Lckr by Foot Locker, merging its sneaker and sports culture into a casual wear collection. In its debut release, Lckr will feature fleece sets, pullover hoodies and tapered sweatpants in season-complementary colourways and neutral tones. Cargo pants, zipped...
Oct. 18, 2021
Foot Locker acquires WSS
Athletic retailer Foot Locker has completed its acquisition of Eurostar, Inc. (“WSS”), a U.S.-based athletic footwear and apparel retailer that primarily operates on the West Coast, for 750 million dollars in cash, subject to customary adjustments. In a statement, Richard A. Johnson, chairman and CEO of Foot Locker, said, “WSS is a highly...
Sep. 21, 2021
Foot Locker to buy two footwear chains for 1.1 billion dollars
US sportswear and footwear retailer Foot Locker is spending 1.1 billion dollars to buy two companies as it looks to simultaneously accelerate its Asia-Pacific expansion and solidify its positioning in North America. The New York-based company announced Monday plans to buy Eurostar, the parent company of US-based athletic footwear and apparel...
Aug. 2, 2021
Foot Locker launches exclusive capsule collection with Melody Ehsani
Foot Locker has launched a basketball-inspired capsule collection designed by the new creative director of the company’s women’s business, Melody Ehsani. The collection highlights colors inspired by nature and temperature such as thermal patterns. 70 percent of the capsule is unisex and features a ‘ball vision’ tee and short set, a fleece crew...
Jun. 10, 2021
Why Footlocker decided to shut down their Footaction stores
After releasing strong quarterly results Footlocker Inc. announced it will call it a day for its Footaction chain. During a call with analysts that followed their financial release, the company’s leadership shared their thought process. Asked whether there was a substantial overlap between Foot Locker stores the Footaction ones, Richard A....
May 31, 2021
Foot Locker links with FreedomPay for contactless payment in US stores
Sports and athletic retailer Foot Locker Inc. announced it has linked with FreedomPay to implement a contactless payment system in over 2,000 Foot Locker stores in the US. FreedomPay, the Next Level Commerce platform, lets customers choose between various in-store payment options through a touchless payment system. Customers can pay through...
Apr. 13, 2021
Foot Locker CFO to step down, search for successor begins
Foot Locker has announced its chief financial officer (CFO) and executive vice president Lauren B. Peters is retiring in April, with a search for a successor now underway. The New York-based footwear retailer said it will consider both internal and external candidates for the position. “Lauren has had a remarkable 23 years at Foot Locker,...
Dec. 1, 2020