August 23, 2002 |
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.
May 23, 2007 |
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.
December 17, 2002 |
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.
July 31, 2007 |
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.
May 23, 2003 |
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.
November 5, 1997 |
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.