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November 22, 2013 | By Chuck Schilken
Mike Tyson really seems to be taking his quest for redemption seriously. In his latest effort to make amends for the mistakes of his past, the former heavyweight champion has returned the portion of Evander Holyfield's ear he bit off during their 1997 bout. "I kept that in formaldehyde," Tyson tells Holyfield upon handing him a small box containing what is supposed to be the body part he spit onto the mat in front of a stunned world watching it all take place on TV more than 16 years ago. Of course, it's all a spoof, part of Foot Locker's very funny new commercial for its so-called Week of Greatness.
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SPORTS
April 24, 2014 | By Eric Sondheimer
 It's not every day that someone shows up with a gift of a $20,000 academic scholarship, but that's what happened on Thursday at Garfield High, where Foot Locker and DoSomething.org presented Josh Davis with the academic scholarship handed to him by USC's Marqise Lee. Davis, a Bulldog standout in football, is also a top student in the classroom.   Eric.sondheimer@latimes.com  
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BUSINESS
August 19, 2006 | From Bloomberg News
Foot Locker Inc., the largest U.S. athletic-shoe retailer, has hired Evercore Partners Inc. as an advisor, Chief Executive Matthew Serra told analysts and investors. Serra didn't specify whether Evercore will study a possible sale of the company. He also declined to comment on what he called rumors about private equity firms' interest in buying the company.
SPORTS
November 22, 2013 | By Chuck Schilken
Mike Tyson really seems to be taking his quest for redemption seriously. In his latest effort to make amends for the mistakes of his past, the former heavyweight champion has returned the portion of Evander Holyfield's ear he bit off during their 1997 bout. "I kept that in formaldehyde," Tyson tells Holyfield upon handing him a small box containing what is supposed to be the body part he spit onto the mat in front of a stunned world watching it all take place on TV more than 16 years ago. Of course, it's all a spoof, part of Foot Locker's very funny new commercial for its so-called Week of Greatness.
BUSINESS
November 22, 2001 | Bloomberg News
Foot Locker Inc. said profit this quarter may not meet some analysts' forecasts. Fiscal fourth-quarter profit will be 25 cents to 30 cents a share, the company said. Analysts' estimates range from 27 cents to 31 cents. Shares of New York-based Foot Locker, which operates the Foot Locker, Lady Foot Locker and Champs Sports stores, fell 37 cents to $16.08 on the NYSE. Full-year earnings will be 95 cents to $1 a share, Foot Locker said. Analysts' average estimate is $1.
BUSINESS
August 23, 2002 | Bloomberg News
Athletic shoe and clothing retailer Foot Locker Inc. reported a second-quarter profit, partly on cost cuts, but said earnings for this quarter will miss estimates because of sluggish sales. Net income was $31 million, or 21 cents a share, contrasted with a net loss of $14 million, or 10 cents, a year earlier. Excluding a loss from discontinued operations, Foot Locker earned 22 cents, matching analysts' average estimate. Sales rose 3.5% to $1.09 billion.
BUSINESS
May 23, 2007 | From Times Staff and Wire Reports
Nike Inc. and Foot Locker Inc. said they would open as many as 50 House of Hoops stores in the U.S. in the next three years as they seek to boost flagging sales of basketball shoes. Most of the stores will be converted Foot Locker locations, the companies said. Stores are planned in Los Angeles, Las Vegas, Chicago, Houston and New York. New York-based Foot Locker and Beaverton, Ore.
BUSINESS
July 31, 2007 | From Bloomberg News
Foot Locker Inc., the largest U.S. athletic-shoe retailer, put itself up for sale Monday and forecast its first loss in six years after increasing discounts. The shares fell to their lowest price in 3 1/2 years. The company said that it received inquiries from buyout firms and hired Lehman Bros. Holdings Inc. for advice on strategy. Foot Locker spokesman Peter Brown declined to comment further. Foot Locker said its second-quarter net loss would be 17 to 20 cents a share.
BUSINESS
December 17, 2002 | From Bloomberg News
Foot Locker Inc. said it may reduce its orders from Nike Inc. next year by as much as $400 million, more than the company's previous forecast of a decline of as much as $250 million. The new estimate of $300 million to $400 million was reached after "recent discussions" with Nike, the retailer said in a filing with the Securities and Exchange Commission. Foot Locker rose 27 cents to $12.52 and Nike climbed $1.70 to $44.23, both on the New York Stock Exchange.
BUSINESS
May 23, 2003 | From Bloomberg News
Foot Locker Inc., the largest U.S. athletic-shoe retailer, said its fiscal first-quarter earnings almost doubled to $38 million. Net income of 26 cents a share rose from 14 cents, or $20 million, a year earlier, which included a write-down of its discontinued Northern Group retail business, the New York-based company said. Sales rose 3.5% to $1.13 billion. Foot Locker shares rose $1.12, or 10%, to $12.49 on the NYSE.
SPORTS
November 22, 2013 | By Chuck Schilken
Shaquille O'Neal certainly knows how to take a fall. And for a guy his size, that's no small feat. Throw in the NBA legend's unique sense of humor, and suddenly what could have been a disaster of epic proportions turns into a bit of can't-miss comedy. Remember this? How about this? And the tumbles haven't stopped now that he's an analyst for TNT. The latest (and greatest) wipeout came Thursday night during halftime of the Clippers' game against the Oklahoma City Thunder.
BUSINESS
January 9, 2010 | By Andrea Chang
In a move to cut costs, Foot Locker Inc. is closing 117 underperforming stores and trimming about 120 jobs this quarter, the retailer said Friday. Spokesman Peter Brown declined to provide details on which locations would be affected but said a large percentage were Foot Locker and Lady Foot Locker stores in the United States. Some have already been closed; the rest are expected to shut by the end of the month, when the company's fiscal year ends. The closures will help the specialty athletic retailer, which operates about 3,600 stores in 21 countries, become more efficient, said Tom Shaw, a lifestyle analyst at Stifel, Nicolaus & Co. "The whole company in one mall could have a Foot Locker, a Lady Foot Locker, a Kids Foot Locker, a Footaction and a Champs," Shaw said.
IMAGE
August 3, 2008 | Valli Herman, Times Staff Writer
Whether they're Olympic contenders or weekend warriors, athletes are a lot alike: They're keenly aware of their bodies, eager for gear that might improve their performance and big users of sunscreen, moisturizers and balms. Now there's a line of skin-care products designed specifically for them.
BUSINESS
July 31, 2007 | From Bloomberg News
Foot Locker Inc., the largest U.S. athletic-shoe retailer, put itself up for sale Monday and forecast its first loss in six years after increasing discounts. The shares fell to their lowest price in 3 1/2 years. The company said that it received inquiries from buyout firms and hired Lehman Bros. Holdings Inc. for advice on strategy. Foot Locker spokesman Peter Brown declined to comment further. Foot Locker said its second-quarter net loss would be 17 to 20 cents a share.
BUSINESS
May 23, 2007 | From Times Staff and Wire Reports
Nike Inc. and Foot Locker Inc. said they would open as many as 50 House of Hoops stores in the U.S. in the next three years as they seek to boost flagging sales of basketball shoes. Most of the stores will be converted Foot Locker locations, the companies said. Stores are planned in Los Angeles, Las Vegas, Chicago, Houston and New York. New York-based Foot Locker and Beaverton, Ore.
BUSINESS
August 19, 2006 | From Bloomberg News
Foot Locker Inc., the largest U.S. athletic-shoe retailer, has hired Evercore Partners Inc. as an advisor, Chief Executive Matthew Serra told analysts and investors. Serra didn't specify whether Evercore will study a possible sale of the company. He also declined to comment on what he called rumors about private equity firms' interest in buying the company.
BUSINESS
November 5, 1997 | Reuters
Woolworth Corp., which abandoned its traditional five-and-dime stores this summer to focus on athletic gear, said its Foot Locker unit has entered a marketing partnership with Burbank-based Walt Disney Co. Financial terms were not disclosed. The centerpiece of the agreement will be a 40,000-square-foot superstore that Foot Locker will build at Walt Disney World in Florida to sell athletic footwear, apparel and sporting goods.
BUSINESS
June 28, 2003 | Hanah Cho, Times Staff Writer
As Wall Street reacted negatively Friday to news that Nike Inc.'s continuing spat with its biggest customer was hurting orders, analysts said the athletic shoe maker and Foot Locker Inc. should put a sock in it and make up. Shares of Nike fell $3.85, or 6.8%, to $53.08 on the New York Stock Exchange on Friday, one day after Nike said that partly because of Foot Locker, U.S. orders for footwear and apparel for delivery from June to November were down 10% compared with the year-earlier period.
BUSINESS
July 11, 2006 | From the Associated Press
Foot Locker Inc. shares jumped 10% on Monday, lifted by a report that private equity heavyweight Kohlberg Kravis Roberts & Co. is the front-runner to acquire the athletic shoe chain. Kohlberg Kravis Roberts may bid for Foot Locker with private equity investor Apollo Management in the next two to three weeks at a price that could top $30 a share, Women's Wear Daily reported Monday. Buyout speculation has surrounded Foot Locker for several weeks. Foot Locker shares rose $2.48 to $27.32.
BUSINESS
August 22, 2003 | From Bloomberg News
Foot Locker Inc., the largest U.S. retailer of athletic shoes, said its fiscal second-quarter earnings rose 16% after reducing costs and boosting sales outside the U.S. Net income in the quarter ended Aug. 2 climbed to $36 million, or 24 cents a share, from $31 million, or 21 cents, a year earlier, the New York-based company said. Sales increased 3.5% to $1.12 billion from $1.09 billion, helped by a decline in the U.S. dollar.
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