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Intro

Foot Locker Retail, Inc. is a retailer of footwear and sportswear based in America. It has its headquarters located in Midtown Manhattan, New York. The company’s purpose has always been to empower and inspire youth across the world. 

It operates about 3,100 in 28 countries across Europe, Asia, New Zealand, Australia, and North America. It also sells through its websites and mobile apps. 

History

Foot Locker Retail Inc. traces its roots to 1974. Earlier on, F.W Woolworth Company bought Kinney Shoe Corporation which it operated as a subsidiary. Kinney opened specialty stores under the names of Stylco (1967), Susie Casuals (1968), and Foot Locker (1974). 

The first store under the name Foot Locker was put up in the City of Industry, California where it remains open until today. F.W Woolworth Company put the operations of Foot Locker under Woolworth Corporation in 1988. 

Woolworth remained the parent company until 1998. It adopted a new name – Venator Group, Inc. Foot Locker continued to grow and brought in up to 70% of the revenues earned by Kinney Shoe Corp. 

After noticing how well Foot Locker was doing, Venator changed its name to Foot Locker, Inc. The chain would later buy Footaction USA in 2004 and acquire 350 stores owned by Footstar. 

Three years later, Foot Locker launched the Foot Locker School Rewards Program in partnership with schoolPAX. The program was aimed at providing charitable donations to schools that signed up and shopped at Foot Locker. 

In 2007, the store bought the skateboarding equipment retailer CCS from Alloy. It joined DoSomething.Org in 2011 and established the Foot Locker Scholar Athletes program. The program honors athletes in different high schools for their academic excellence and exemplary performance in sports. 

The company celebrated its 100th anniversary on June 26, 2012. This was to commemorate the first offering of its stock on the New York Stock Exchange by F.W. Woolworth Company. Today, Foot Locker is a Fortune 500 Company that records up to $7.151 billion every year. It also invested in other companies such as GOAT.

Business Directions 

Foot Locker offers a portfolio of brands including Champs Sport, Kids Foot Locker, Lady Foot Locker, Foot Locker, Footaction USA, Sidestep, Runners Point, and Eastbay. 

Key Facts 

In addition to being among the leading footwear companies in America, Foot Locker is also known for its uniforms at the flagship chain store. The uniforms resemble that of referees. 

Mission and Vision

Foot Locker seeks to empower and inspire the youth by fueling its shared passion for self-expression and by creating unrivaled experiences among sneakers and sports communities. 

FAQ

What is Foot Locker known for? 

Foot Locker is an athletic apparel and footwear retailer that provides performance products from athletic brands. Products offered cover different activities such as running, training, and basketball. 

Where does Foot Locker get their shoes from? 

Up to two-thirds of the merchandise sold by Foot Locker comes from Nike. Other brands take up the remaining portion of apparel and shoes. 

How does Foot Locker make money? 

Foot Locker makes money from the sale of apparel and sneakers from other brands like Nike. The company is currently experimenting with “off-mall” retail spaces.

Typical Hours of Operation

Mo 11:00 - 19:00
Tu 11:00 - 19:00
We 11:00 - 19:00
Th 11:00 - 19:00
Fr 11:00 - 19:00
Sa 11:00 - 19:00
Su 12:00 - 18:00

Locations: 697 locations in 47 states and 415 cities.

Categories

  • Shoe Stores
  • Sportswear

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