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About Foot Locker, Inc.

Foot Locker leads the footrace to capture the biggest retail share of the global athletic footwear market. It is a leading retailer of athletic shoes and apparel, with more than 3,360 specialty stores mostly in US malls, but also in 23 countries in North America and Europe, as well as in Australia, and New Zealand. Its 1,796-store namesake Foot Locker chain is the #1 seller of name-brand (NIKE) athletic footwear in the US. Other store brands include Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports, SIX:02, Runners Point, and Sidestep. Beyond its bricks-and-mortar business, Foot Locker markets sports gear through direct-to-customer units (catalog retailer Eastbay and Footlocker.com).

Operations

Through its subsidiaries, Foot Locker operates in two reportable segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment, which generated 87% of Foot Locker's revenue in fiscal 2017(ended January 31), is one of the world's largest athletic footwear and apparel retailers with banners Foot Locker, Lady Foot Locker, SIX:02 Kids Foot Locker, Champs Sports, Footaction, Runners Point and Sidestep. Some 74 of its shops were franchised in FY2017. The Direct-to-Customers segment (13% of revenue) includes Footlocker.com and other affiliates, including Eastbay, and international ecommerce businesses, which sells to customers through websites, mobile devices, and catalogs.

Overall, more than 80% of the retailer's revenue came from footwear sales in FY2017 and FY2016, while the remainder came from apparel and accessories sales.

Geographic Reach

Foot Locker boasts distribution centers worldwide, as well as third-party agreements to supports its operations.

The company has stores in 23 countries in North America, Europe, Australia, and New Zealand. The retailer generates around 72% of its sales in the US.

Sales and Marketing

Foot Locker is heavily dependent on athletic-shoe-giant NIKE -- which supplied more than 65% of its merchandise in 2017 and 91% of its merchandise in 2017 from its top 5 suppliers.

The retailer spent $182 million on advertising in 2017, compared to $165 million in 2016.

The company's Direct-to-Customers segment is multi-branded and sells directly to customers through its Internet and mobile sites and catalogs. Eastbay is the largest direct marketer in the US. This segment operates the websites for eastbay.com, final-score.com, eastbayteamsales.com, and sp24.com.

Additionally, this segment includes the websites aligned with the brand names of its store banners (footlocker.com, ladyfootlocker.com, six02.com kidsfootlocker.com, champssports.com, footaction.com, footlocker.ca, footlocker.eu, runnerspoint.com, and sidestep-shoes.com). These sites offer some of the largest online selections of athletically inspired shoes and apparel, and providing a link between ecommerce and physical stores.

Financial Performance

Foot Locker's revenues and profits have been growing over the past few years despite its store base staying flat.

Net sales increased by 3.6% in fiscal 2016 to $7.4 billion, mainly due to an 8.5% increase in comparable store sales.

In the athletic stores segment, sales increased by 8.6% due to a 7.6% rise in comparable stores sales, mainly in Foot Locker Europe and Foot Locker Asia Pacific. Foot Locker Europe generated double digit comparable-store gains in footwear, apparel, and accessories related to sales of classic court styles, lifestyle running, and men's basketball.

In fiscal 2016, the company's net income grew by 4% to $541 million (compared to $520 million a year earlier), primarily due to an increase in net revenue, partially offset by litigation, impairment, and other charges. Foot Locker recorded a $100 million pension litigation charge that year.

The company's cash from operations was $745 million, up $33 million on the previous year.

Strategy

While Foot Locker has met its near-term goal of improving sales and profitability, the retailer is looking to expand its footwear and apparel store lines to attract a more diverse, more international customer base. With sales maturing in the US, Foot Locker has been closing domestic stores in favor of expanding into other countries (particularly in Europe) to become the leading global retailer of athletic shoes and apparel. The company is focused on expanding its leading position in the Kid's business and building a powerful digital business with customer-focused channel connectivity.

The company spent $42 million for the development of information systems and infrastructure, including a new e-commerce order management system, point of sale device enhancements, and a further rollout of its merchandise allocation system.

Foot Locker, Inc.

330 W 34TH ST
New York, NY 10001-2406
Phone: 1 (212) 720-3700

Stats

Employer Type: Publicly Owned
Stock Symbol: FL
Stock Exchange: , NYSE
Chairman, President and CEO: Richard A. Johnson
EVP and CFO: Lauren B. Peters
SVP and CIO: Pawan Verma
Employees (This Location): 527
Employees (All Locations): 49,331

Major Office Locations

New York, NY

Other Locations

Fairbanks, AK
Birmingham, AL
Chandler, AZ
Tempe, AZ
Arcadia, CA
Culver City, CA
Fairfield, CA
Los Angeles, CA
Moreno Valley, CA
Northridge, CA
Sacramento, CA
San Diego, CA
San Rafael, CA
Santa Monica, CA
Ventura, CA
West Covina, CA
Meriden, CT
Boca Raton, FL
Bradenton, FL
Plantation, FL
Tallahassee, FL
Atlanta, GA
Buford, GA
Macon, GA
Hilo, HI
Des Moines, IA
Sioux City, IA
Calumet City, IL
Lincolnwood, IL
Bowling Green, KY
Hammond, LA
Watertown, MA
Annapolis, MD
Hanover, MD
Nottingham, MD
Grandville, MI
Highland Park, MI
Charlotte, NC
Concord, NC
Durham, NC
Winston Salem, NC
Bismarck, ND
Moorestown, NJ
Short Hills, NJ
Vineland, NJ
Albuquerque, NM
Farmington, NM
Gallup, NM
Santa Fe, NM
Las Vegas, NV
Albany, NY
Astoria, NY
Glendale, NY
New Orleans, NY
New York, NY
Whitehall, NY
Cleveland, OH
Columbus, OH
Dublin, OH
Lima, OH
Strongsville, OH
Allentown, PA
Camp Hill, PA
Harrisburg, PA
Philadelphia, PA
Anderson, SC
Franklin, TN
Memphis, TN
Addison, TX
Amarillo, TX
Arlington, TX
Austin, TX
Baytown, TX
Eagle Pass, TX
Fort Worth, TX
Friendswood, TX
Frisco, TX
Harlingen, TX
Houston, TX
Humble, TX
Hurst, TX
Irving, TX
Katy, TX
Lubbock, TX
Odessa, TX
Plano, TX
San Angelo, TX
Tyler, TX
West Valley City, UT
Chesapeake, VA
Manassas, VA
Mc Lean, VA
Newport News, VA
Norfolk, VA
Sterling, VA
Federal Way, WA
Puyallup, WA
Wausau, WI
Abbotsford, Canada
Anjou, Canada
Banff, Canada
Barrie, Canada
Belleville, Canada
Brampton, Canada
Brandon, Canada
Brantford, Canada
Brockville, Canada
Burlington, Canada
Burnaby, Canada
Calgary, Canada
Chatham, Canada
Chicoutimi, Canada
Châteauguay, Canada
Concord, Canada
Coquitlam, Canada
Cornwall, Canada
Courtenay, Canada
Cranbrook, Canada
Côte Saint-Luc, Canada
Dartmouth, Canada
Dieppe, Canada
Edmonton, Canada
Etobicoke, Canada
Fort Mcmurray, Canada
Fredericton, Canada
Gatineau, Canada
Georgetown, Canada
Grande Prairie, Canada
Guelph, Canada
Halifax, Canada
Hamilton, Canada
Kamloops, Canada
Kelowna, Canada
Kingston, Canada
Kitchener, Canada
Langley, Canada
Lasalle, Canada
Lethbridge, Canada
Lloydminster, Canada
London, Canada
Longueuil, Canada
Markham, Canada
Mississauga, Canada
Montréal, Canada
Montreal, Canada
Mont-Royal, Canada
Moose Jaw, Canada
Nanaimo, Canada
Nepean, Canada
New Glasgow, Canada
Newmarket, Canada
North Bay, Canada
North York, Canada
Oakville, Canada
Orillia, Canada
Orleans, Canada
Oshawa, Canada
Ottawa, Canada
Owen Sound, Canada
Peterborough, Canada
Pickering, Canada
Pointe-Claire, Canada
Prince Albert, Canada
Prince George, Canada
Québec, Canada
Quebec, Canada
Regina, Canada
Richmond, Canada
Richmond Hill, Canada
Saint-Bruno, Canada
Saint John, Canada
Saint-Jérôme, Canada
Saint-Laurent, Canada
Sarnia, Canada
Saskatoon, Canada
Sault Ste. Marie, Canada
Scarborough, Canada
St. Albert, Canada
St Catharines, Canada
St. John'S, Canada
Sudbury, Canada
Surrey, Canada
Sydney, Canada
Thornhill, Canada
Thunder Bay, Canada
Toronto, Canada
Trois-Rivières, Canada
Valleyview, Canada
Vancouver, Canada
Victoria, Canada
Waterloo, Canada
West Vancouver, Canada
Whistler, Canada
Windsor, Canada
Winnipeg, Canada
Antwerpen, Belgium
Brussel, Belgium
Bruxelles, Belgium
Charleroi, Belgium
Kortrijk, Belgium
Liège, Belgium
Nivelles, Belgium
Oostende, Belgium
Luxembourg, Luxembourg