Welcome to our dedicated page for Foot Locker news (Ticker: FL), a resource for investors and traders seeking the latest updates and insights on Foot Locker stock.
Foot Locker Inc. (NYSE: FL) maintains its position as a global leader in athletic footwear retail through strategic initiatives and cultural relevance. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market trends.
Access real-time press releases covering earnings announcements, brand partnerships, store expansions, and omnichannel innovations. Our curated collection helps stakeholders track FL's responses to evolving consumer preferences and competitive retail landscapes.
Key updates include product launches with major sportswear brands, sustainability initiatives, and digital transformation efforts. Regular updates ensure visibility into FL's operational strategies and leadership in sneaker culture.
Bookmark this page for streamlined access to SEC filings, investor communications, and analysis of retail market dynamics. Stay informed about FL's progress in merging physical retail excellence with e-commerce growth through verified corporate updates.
Foot Locker (NYSE: FL) has announced its participation in the J.P. Morgan 11th Annual Retail Round Up Conference scheduled for April 3rd, 2025, at 8:00 a.m. ET. Key executives participating include CEO Mary Dillon, CFO Mike Baughn, and President Frank Bracken.
The audio fireside chat will be accessible through footlocker-com, with a replay available for 90 days following the event. The company operates approximately 2,400 retail stores across 26 countries in North America, Europe, Asia, Australia, and New Zealand, with additional licensed stores in Europe, the Middle East, and Asia. Their brand portfolio includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos, focusing on footwear and apparel retail.
Foot Locker (NYSE: FL) has appointed Franklin R. Bracken as President, effective immediately. Bracken, previously Executive Vice President and Chief Commercial Officer, will continue reporting to CEO Mary Dillon while overseeing global retail operations, merchandising, marketing, digital, loyalty, and real estate.
In his new role, Bracken will work with Dillon to accelerate the execution of the Lace Up Plan, the company's strategy focused on elevating omni-retail experience, enhancing productivity, and creating long-term shareholder value. Bracken brings nearly 30 years of experience in brand management, consulting, digital transformation, marketing, merchandising, and retail operations.
During his 15-year tenure at Foot Locker, Bracken has led several key initiatives, including the expansion of core banners, globalization of the Foot Locker brand, and revitalization of brand partnerships. He previously held senior management positions at The Coca-Cola Company, SABMiller, and PricewaterhouseCoopers.
Foot Locker (NYSE: FL) reported Q4 2024 financial results with mixed performance. Total sales decreased 5.8% to $2,243 million compared to Q4 2023, though comparable sales increased 2.6%. Global Foot Locker and Kids Foot Locker saw combined comparable sales growth of 3.6%, while Champs Sports achieved 1.8% growth.
The company demonstrated significant margin improvements, with gross margin expanding 300 basis points year-over-year. Q4 GAAP earnings per share reached $0.57, while non-GAAP EPS was $0.86, compared to a loss of $4.13 and earnings of $0.38 respectively in Q4 2023.
Notable operational achievements include completing 160 store refreshes in Q4, bringing the yearly total to over 400. The company ended the quarter with $401 million in cash, $446 million in total debt, and merchandise inventories of $1,525 million, up 1.1% year-over-year. As of February 1, 2025, Foot Locker operated 2,410 stores across 26 countries.
Foot Locker (NYSE: FL) has announced it will release its fourth quarter financial results for the period ended February 1, 2025, before U.S. markets open on Wednesday, March 5, 2025. The company will host a conference call at 8:00 a.m. ET on the same day to discuss results and provide business updates.
The company will make an investor presentation available on their website before the call. Participants can pre-register for the conference call or dial in directly using toll-free numbers. A live webcast and replay will be available on the company's website until March 19, 2025.
Foot Locker operates approximately 2,500 retail stores across 26 countries in North America, Europe, Asia, Australia, and New Zealand, with additional licensed stores in Europe, the Middle East, and Asia. The company's portfolio includes brands such as Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
Foot Locker (NYSE: FL) announced its return to NBA All-Star 2025 in San Francisco Bay Area with a major multi-brand activation. The two-story experience, located at 150 Powell Street, will feature exclusive sneaker drops, NBA player appearances, and interactive experiences from February 13-16, 2025.
The event will showcase products from Nike, Jordan Brand, adidas, PUMA, Converse, Crocs, and New Era Cap, including exclusive releases like Nike Kobe VI 'ASW' and Jordan Retro 12 Flu Game. NBA stars including Anthony Edwards, Shai Gilgeous-Alexander, and Jayson Tatum are expected to make appearances.
The activation includes interactive elements like Nike's locker giveaway, Jordan Brand's vertical jump challenge, and PUMA's TMNT lair. Additionally, Foot Locker Foundation will donate $25,000 each to Morehouse College and Tuskegee University as part of the 2025 NBA HBCU Classic partnership.
Foot Locker (NYSE: FL) has appointed two new directors to its Board, effective January 12, 2025. Sonia Syngal, former President and CEO of Gap, and John Venhuizen, President and CEO of Ace Hardware , join the board as the company announces Guillermo G. Marmol will not seek reelection at the 2025 Annual Meeting.
Syngal brings two decades of retail experience in ecommerce, global supply chain, operations, and brand strategy. Venhuizen contributes 30 years of experience at Ace Hardware, where he has led marketing, store operations, strategy, and international operations.
The appointments align with Foot Locker's focus on board refreshment and execution of their Lace Up Plan, which includes operational excellence, digital experience enhancement, and strengthening customer engagement initiatives.
Foot Locker reported Q3 2024 financial results with mixed performance. Total sales decreased 1.4% to $1,958 million, while comparable sales increased 2.4%. The company reported a loss of $0.34 per share, though Non-GAAP earnings were $0.33 per share.
Key highlights include a 230 basis points gross margin expansion and a 6.3% reduction in inventory. However, due to softened consumer spending post Back-to-School period and a more promotional environment, Foot Locker has lowered its full-year outlook. The updated guidance projects sales change of -1.5% to -1.0% and Non-GAAP EPS of $1.20 to $1.30.
Foot Locker (NYSE: FL) has launched its 2024 holiday campaign 'Step Into Your Gift' featuring NBA stars Anthony Edwards, LaMelo Ball, and artist Coi Leray. The multi-brand campaign showcases exclusive releases and top styles from brands including Nike, adidas, New Balance, PUMA, and UGG. The 360-degree marketing initiative spans across paid media, social channels, e-commerce, digital out-of-home advertising, and in-store displays. Featured products include the Nike Zoom Vomero 5, Jordan 4 RM, adidas Originals Samba OG, and PUMA MB.04, positioning Foot Locker as the premier destination for holiday sneaker shopping.
Foot Locker (NYSE: FL) has announced it will release its third quarter financial results for the period ended November 2, 2024, before U.S. markets open on Wednesday, December 4, 2024. The company will host a conference call at 9:00 a.m. ET the same day to discuss business updates. Foot Locker operates approximately 2,500 retail stores across 26 countries in North America, Europe, Asia, Australia, and New Zealand, with additional licensed stores in the Middle East and Asia. The company's portfolio includes brands such as Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos.
Foot Locker, Inc. (NYSE: FL) has announced a multi-year partnership with the Chicago Bulls ahead of the 2024-25 NBA season. This collaboration aims to strengthen Foot Locker's position in basketball culture through various initiatives:
1. Community events, including Bulls Fest and Youth Hoops 3v3 Tournaments
2. In-store activations, such as player meet-and-greets at the State Street location
3. Exclusive 'Tunnel Walk' content on social media
4. Partnership launch celebration on Oct. 30 during the Bulls vs. Orlando game
The partnership aligns with Foot Locker's broader basketball initiatives, including its agreement with the NBA and the launch of 'The Clinic' program. This collaboration reinforces Foot Locker's commitment to basketball culture and its Lace Up Plan to expand sneaker culture within the basketball community.
