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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Foot Locker, Inc.
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

Investment goal date:
Dividends reinvested
Foot Locker, Inc. FL report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-03-01
--
--
Q3 2017
2017-11-19
--
--
Q3 2017
2017-11-17
--
--
Q2 2017
2017-08-18
0.6200
0.3900
Q1 2017
2017-05-19
1.3600
1.3600
Q4 2016
2017-02-24
1.3700
1.4200
Q3 2016
2016-11-18
1.1300
1.1700
Q2 2016
2016-08-19
0.9400
0.9400
Q1 2016
2016-05-20
1.3900
1.3900
Q4 2015
2016-02-26
1.1600
1.1400
Q3 2015
2015-11-20
1.0000
0.5700
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
APG Asset Management N.V.
2024142
Bank of New York Mellon Corp
2936340
BlackRock Fund Advisors
2696809
BlackRock Inc.
9163944
BlackRock Institutional Trust Company, N.A.
3938404
FMR LLC
5765737
GEODE CAPITAL MANAGEMENT, LLC
1542399
GOLDMAN SACHS GROUP INC
2461457
HARRIS ASSOCIATES L P
5996130
NORDEA INVESTMENT MANAGEMENT AB
2887204
NORTHERN TRUST CORP
1653286
STATE STREET CORP
6167116
Vanguard Group, Inc
12986214
VOYA INVESTMENT MANAGEMENT LLC
2846355
WELLS FARGO & CO/MN
2695575
Major Shareholders
Name Relationship
Total Shares
Holding stocks
DIPAOLO NICHOLAS P
0.0500% (68964)
DFZ / FL /
BERK JEFFREY L
0.0200% (32875)
FL /
HICKS KEN C
0.3900% (565805)
AVY / FL / WFM /
MCKENNA MATTHEW M
0.0300% (45899)
FL /
GILBERT JAROBIN JR
0.0100% (10384)
FL /
YOUNG DONA D
0.0400% (59836)
FL /
TURPIN CHERYL N
0.0300% (43742)
FL /
BAHLER GARY M
0.0100% (13099)
FL /
BROWN PETER D
0.0100% (9611)
FL /
MCHUGH ROBERT W
0.1000% (137141)
FL /
PETERS LAUREN B
0.0800% (112991)
FL / LZB /
FELDMAN ALAN D
0.0200% (27300)
FL / GNC / JBT /
Clark Maxine
0.0100% (10833)
BBW / FL /
Cipriano Giovanna
0.0300% (48393)
FL /
Maurer John A
0.0300% (37197)
FL /
Johnson Richard A
0.1800% (262589)
FL / HRB /
Marmol Guillermo
0.0100% (14848)
FL / III / VSI /
Alviti Paulette
0.0300% (36641)
FL /
Clarke Sheilagh
0.0200% (24438)
FL /
Verma Pawan
0.0300% (43030)
FL /
Kimble Lewis Phillip
0.0200% (29624)
FL /
Jacobs Stephen
0.0300% (40930)
FL /
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