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Foot Locker

Foot Locker, Inc.
Formerly called
  • Woolworth Corporation (1988–1997)
  • Venator Group (1997–2001)
Public
Traded as FL
S&P 500 Component
Euronext: FOOTL
Industry Clothing
Predecessor F. W. Woolworth Company
Founded
Founder F. W. Woolworth
Headquarters 112 West 34th Street, New York City, New York, United States
Number of locations
3,546 stores
Area served
Worldwide
Key people
Jake Jacobs (President & CEO - USA)
Brands
  • Foot Locker
  • Kids Foot Locker
  • Lady Foot Locker
  • Footaction
  • SIX:02
  • Runner's Point
  • Sidestep
  • Champs Sports
  • Eastbay
Revenue IncreaseUS$ 7.151 Billion (FY 2014)
IncreaseUS$ 809,000,000 (FY 2014)
IncreaseUS$ 520,000,000 (FY 2014)
Total assets IncreaseUS$ 3,577,000,000 (FY 2014)
Total equity IncreaseUS$ 2,496,000,000 (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 approximately 20 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, 2006, Foot Locker, Inc. had 3,921 primarily mall-based stores in the United States, Canada, Europe, and Asia.

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.


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