Results for "foot locker"

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EXEC: Foot Locker’s Shares Take Hit On Weak 2023 Outlook

March 20, 2023 SGB Executive

At its Investor Day on Monday, Mary Dillon, Foot Locker’s new CEO and president, outlined an ambitious “Lace Up” growth plan and said progress is being made in repairing the company’s relationship with Nike. However, shares of Foot Locker fell $2.43, or 5.8 percent, to $39.83 as earnings for the current year were guided sharply below analyst targets as the business undergoes a “reset.”

Foot Locker’s Q4 Tops Wall Street Targets, Sets Long-Term Growth Plan

March 20, 2023 SGB Update

Foot Locker, Inc. reported fourth-quarter earnings below year-ago levels, but sales and earnings were ahead of Wall Street estimates. The sneaker retailing giant forecasted same-store sales would fall 3.5 percent to 5.5 percent; however, today, during its Investor Day conference, Foot Locker said it would outline a new long-term growth strategy that calls for same-store growth between 3 percent to 4 percent from fiscal years 2024 through 2026 and significantly higher EPS growth.

Foot Locker Names Interim CFO

February 21, 2023 SGB Update

Foot Locker, in a regulatory filing, stated that Robert Higginbotham had been appointed interim chief financial officer, effective March 1, in addition to his current role as senior vice president, investor relations, and financial planning & analysis.

Foot Locker Makes Leadership Changes

November 29, 2022 SGB Update

Foot Locker, Inc. named Frank Bracken EVP and chief commercial officer and hired Elliott Rodgers as chief operations officer as part of a corporate move to support growth and enhance operational efficiency. The sneaker chain also announced the planned transition of its chief financial officer.

EXEC: Foot Locker Finds Surprise Boost From Nike In Third Quarter

November 18, 2022 SGB Executive

Foot Locker Inc. reported third-quarter results that surpassed expectations due to improved allocation of Nike products on top of continued success in its diversification efforts to feature other footwear brands. The sneaker giant lifted its guidance for the year. Mary Dillon, Foot Locker’s new CEO, told analysts, “Our relationship with Nike is very important. It’s strong.”

Foot Locker Raises Guidance As Third Quarter Exceeds Plan

November 18, 2022 SGB Update

Foot Locker, Inc. slightly lifted its outlook for the year after reporting third-quarter sales and earnings came in above expectations. Comparable-store sales in the third quarter increased 0.8 percent year-over-year. Mary Dillon, president and chief executive officer.  “Despite the tough environment, our expanding customer base remained resilient.”

Foot Locker Opens Distribution Center In Reno

November 17, 2022 SGB Update

Foot Locker, Inc. opened a new distribution center in Reno, NV. The more than $40 million, 465,000-square-foot facility will support the company’s distribution of more than 20 million units and support over 300 stores on the West Coast. The facility will also cut shipping times in the region “by more than 50 percent.”

Puma And Foot Locker Expand Partnership

November 14, 2022 SGB Update

Puma and Foot Locker, Inc. have extended their long-standing partnership through collection and marketing collaborations with a refocus on basketball and to reach younger consumers.

Foot Locker And Gap Pull Yeezy Product From Stores

October 26, 2022 SGB Update

Foot Locker and Gap announced they were pulling Yeezy products from their stores following Adidas’ move on Tuesday to end its partnership with Ye, the artist formerly known as Kanye West, following a series of antisemitic remarks he made recently across multiple forums.

Foot Locker Senior Manager Joins Brikl

October 15, 2022 SGB Update

E-commerce software platform Brikl hired Tiffany Kirksey, former senior manager of team sales marketing at Foot Locker, as director of operations. Kirksey worked for Foot Locker for almost 24 years.

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