November 21, 2011

Foot Locker Q3 beats Street view

Athletic footwear retailer Foot Locker Inc's quarterly results beat market expectations for the seventh straight quarter on stronger sales of its running shoes, sending the company's stock up about 5 percent in extended trade.

Basketball player for Milwaukee Bucks, Brandon Jennings, advertises for Foot Locker / Photo : Foot Locker

The retailer, which sells branded shoes of Nike Inc, Reebok and Adidas AG, has been seeing steady gains in margins and sales after the closing of about 650 under performing stores over the last three years.

By Olivier Guyot

archives Foot Locker

4/28/2013
Iconix recent acquisitions pump up sales
...Umbro and FootLockerHowever, this spike must be understood in the context of recent acquisitions made by the group. In the last quarter, Iconix added Umbro, the Canadian brand Buffalo and Lee Cooper to its...
See complete article
3/28/2013
Le Coq Sportif posts healthy sales increase
...business with Foot Locker Europe (which was previously under license) also contributed to the progression. Le Coq Sportif is developing its textile business (photo: Le Coq Sportif) In terms of profitability, the...
See complete article
11/21/2012
Foot Locker launches women's fitness brand, Six:02
...year, the Foot Locker group will be opening three Six:02 stores in the United States, a new premium concept store entirely devoted to women's fitness.
See complete article
8/30/2012
Genesco raises profit view on high Schuh sales
...Inc and Foot Locker Inc, plans to open 116 new stores next year, including 17 Schuh stores."The average Schuh store sales are roughly four times the average Journeys store," Dennis said. "So 17 new stores...
See complete article
8/27/2012
Nike sets new rules to beef up store, customer safety: WSJ
...include Foot Locker Inc and Dick's Sporting Goods Inc, will also have to give up midnight releases of shoes that had prompted customers to camp outside and stampede stores, the paper reported."Retailers should...
See complete article
5/21/2012
Shoe retailers to benefit from tight inventory control
...Inc and Foot Locker Inc, and the companies are expected to benefit from tight inventory management in the next few quarters.
See complete article
3/8/2012
Foot Locker: two years of growth
...Hicks, Foot Locker chairman and CEO. “We approached or surpassed many of the financial goals the organisation set for ourselves in just the second year of our current five-year plan.”On January 28, Foot Locker...
See complete article
2/27/2012
Trademark dispute looming over who discovered Jeremy Lin
...clothes at Foot Locker Inc stores this month, cashing in on the point guard's fame.Lin himself is applying for a trademark in the United States to the term "Linsanity", widely used to describe his meteoric rise,...
See complete article
12/22/2011
Don't expect the phone to replace the wallet soon
...Store, Foot Locker (FL.N), Guess (GES.N), Jamba Juice (JMBA.O), Macy's (M.N), OfficeMax (OMX.N), Toys R Us and Gap (GPS.N) are among the chains that let shoppers use "Google Wallet."They let shoppers pay for...
See complete article
11/30/2011
Foot Locker launches new store concept in Europe
...heads”.Foot LockerCovering an area of over 400 square metres and located at London’s Brent Cross shopping centre (co-owned by Hammerson), Locker Room will offer a range of sports performance products. Opened as...
See complete article
11/29/2011
Adidas eyes basketball boost after NBA lockout ends
...Line and Footlocker , it was important for the season to start up before Christmas to avoid losing sales in the busiest shopping weeks of the year.Analysts had said Adidas could face losing up to half of its...
See complete article
10/19/2011
Crocs cuts outlook on sales slowdown, shares dive
...N) and Footlocker Inc (FL.N) have been selling well, analyst Sozzi said.There is now increased competition among footwear companies and each is vying for consumer's attention, he added."(If) they have to choose...
See complete article
8/29/2011
Footlocker Q2 beats Wall Street
...retailer Foot Locker Inc's quarterly results sprinted past market expectations, helped by continued demand for its running shoes and improved gross margins.
See complete article
6/28/2011
Nike quarterly net income rises 14 percent
...in the FootLocker store at the Willow Brook Mall in Wayne, USA - photo: corbis Nike shares gained 4.3 percent to $84.14 in after-hours trading.The sports gear maker said net income for its fiscal fourth quarter,...
See complete article
6/1/2011
Foot Locker shares may rise to $30
...Shares in Foot Locker could reach $30 in the next six months if the shoe retailer beats Wall Street earnings per share estimates for the second quarter, according to a report in Barron's.
See complete article
5/20/2011
Foot Locker Q1 sprints past Street on demand for running shoes
...retailer Foot Locker Inc's quarterly results raced past Wall Street expectations, helped by continued strength in demand for running shoes, sending its shares up 9 percent in after-market trade.
See complete article
4/15/2011
Adidas launches the lightest shoe in basketball
...available at Foot Locker, Eastbay and www.shopadidas.com. Lawrence Norman, adidas Vice President of Global Basketball, speaks about the technology behind adiZero Crazy light In 2006, Adidas and the National...
See complete article
3/28/2011
Finish Line Q4 margins drop on toning shoes fire sale
...rivals Foot Locker Inc and sporting goods retailer Dick's Sporting Goods Inc , which reported better-than-expected quarterly profits earlier this month. Despite a patchy economic recovery, retailers such as...
See complete article

More results

Foot Locker Q3 beats Street view

News

Photo galleries

Videos

Studies & Reports

Trends

Agenda