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 plans to report its fourth-quarter financial results for the period ending January 29, 2022, on February 25, 2022, before U.S. market open. A conference call is scheduled for the same day at 9:00 a.m. ET, where management will discuss updates on the business. Participants can pre-register online to receive a passcode for immediate access. The company operates approximately 3,000 retail stores across multiple countries, focusing on inspiring youth culture. For more information, refer to the company's Investor Relations webpage.
Foot Locker, Inc. (NYSE: FL) has announced the election of Virginia C. "Gina" Drosos as a new independent director, effective February 2, 2022. Drosos, currently the CEO of Signet Jewelers Limited, brings extensive experience in branding and global operations. Foot Locker's Chairman, Richard A. Johnson, expressed enthusiasm about her leadership capabilities and track record in growing businesses. Drosos aims to contribute to Foot Locker's mission of inspiring youth culture through exceptional customer experiences.
Foot Locker has appointed Robert Higginbotham as the new Vice President of Investor Relations, effective immediately. Higginbotham, with nearly 20 years of experience on Wall Street, will engage with shareholders and analysts while reporting to Andrew Page, CFO. His previous roles include senior analyst positions at Guidepoint Global and Goldman Sachs. James Lance, the former VP in this position, will transition to a broader role as Vice President of Financial Planning & Analysis. Foot Locker operates approximately 3,000 stores worldwide, emphasizing youth culture and sneaker innovation.
Foot Locker, Inc. (NYSE: FL) has launched its first proprietary womenswear brand, Cozi, available globally at Foot Locker and Champs Sports. The collection, designed for trend-conscious women, features affordable, stylish wardrobe staples and will be showcased by diverse influencers. Cozi's debut collection includes tops and joggers priced between $35 and $50, aimed at empowering women with versatile clothing options. This launch follows previous successful brand initiatives and will continue with seasonal releases throughout 2022.
Foot Locker, Inc. (NYSE: FL) has partnered with Laureus Sport for Good Foundation to launch a Community Empowerment Program aimed at assisting underserved youth across nine metropolitan areas in Europe and Canada. Over the next year, the initiative will provide grants starting at $20,000 to support programs in sports development, health, education, and workforce skills. This aligns with Foot Locker's ongoing commitment to community investment, building on its $200 million LEED initiative, which focuses on economic development within the Black community.
Foot Locker, Inc. (NYSE: FL) reported its Q3 2021 results, showing net income of $158 million ($1.52 per share), a decline from $265 million ($2.52 per share) a year prior. However, on a non-GAAP basis, earnings rose to $1.93 per share, up from $1.21 the previous year. Total sales increased by 3.9% to $2,189 million. The company acquired WSS and atmos, enhancing its store network. Despite ongoing supply chain challenges, gross margin improved significantly by 380 basis points to 34.7%. Year-to-date sales reached $6,617 million, a 23.5% increase compared to 2020.
Foot Locker, Inc. (NYSE: FL) announced important organizational changes on November 16, 2021, to enhance its global growth and omni-channel operations. Franklin R. Bracken has been promoted to Chief Operating Officer, overseeing global operations and customer experience. Susan J. Kuhn is now President—EMEA, managing European operations, while Andrew Gray expands his role in the Commercial area. A new Chief Strategy, Innovation, and Development Officer will be appointed to lead corporate strategy. These changes aim to streamline operations, improve customer connectivity, and drive organizational productivity.
Foot Locker, Inc. (NYSE: FL) announced a quarterly cash dividend of $0.30 per share, payable on January 28, 2022. Shareholders of record on January 14, 2022 will receive this payment. The company, a leader in sneaker and youth culture, operates approximately 3,000 retail stores across 28 countries and is dedicated to inspiring youth culture globally.
Foot Locker, Inc. (NYSE: FL) plans to report its third-quarter financial results on November 19, 2021, before U.S. market opening. A conference call will follow at 9:00 a.m. ET to discuss the results and provide a business update. Participants are encouraged to pre-register to streamline access. The company boasts about 3,000 retail stores across 28 countries, emphasizing its role in sneaker culture through various brands. For more details, visit their investor relations webpage.
Foot Locker, Inc. (NYSE: FL) has completed the acquisition of atmos, a premium global retailer based in Japan, for $360 million. This acquisition allows Foot Locker to expand its presence in the Asia-Pacific market, particularly in Japan, enhancing its brand portfolio and market reach. atmos will retain its brand identity and is expected to boost sales growth, generating low double-digit annual sales growth and mid-teens EBITDA margins over the next five years. The acquisition is anticipated to positively impact EPS by $0.44 to $0.48 in 2022.
