21 November 2011

Foot Locker Q3 beats Street view

Athletic footwear retailer Foot Locker Inc's quarterly results beat market expectations for the seventh straight quarter on stronger sales of its running shoes, sending the company's stock up about 5 percent in extended trade.

Basketball player for Milwaukee Bucks, Brandon Jennings, advertises for Foot Locker / Photo : Foot Locker

The retailer, which sells branded shoes of Nike Inc, Reebok and Adidas AG, has been seeing steady gains in margins and sales after the closing of about 650 under performing stores over the last three years.

By Olivier Guyot

archives Foot Locker

21/05/2012
Shoe retailers to benefit from tight inventory control
...Inc and Foot Locker Inc, and the companies are expected to benefit from tight inventory management in the next few quarters.
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08/03/2012
Foot Locker: two years of growth
...Hicks, Foot Locker chairman and CEO. “We approached or surpassed many of the financial goals the organisation set for ourselves in just the second year of our current five-year plan.” On January 28, Foot Locker...
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27/02/2012
Trademark dispute looming over who discovered Jeremy Lin
...clothes at Foot Locker Inc stores this month, cashing in on the point guard's fame. Lin himself is applying for a trademark in the United States to the term "Linsanity", widely used to describe his...
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22/12/2011
Don't expect the phone to replace the wallet soon
...Store, Foot Locker (FL.N), Guess (GES.N), Jamba Juice (JMBA.O), Macy's (M.N), OfficeMax (OMX.N), Toys R Us and Gap (GPS.N) are among the chains that let shoppers use "Google Wallet." They let...
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30/11/2011
Foot Locker launches new store concept in Europe
...heads”. Foot Locker Covering an area of over 400 square metres and located at London’s Brent Cross shopping centre (co-owned by Hammerson), Locker Room will offer a range of sports performance products. Opened as...
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29/11/2011
Adidas eyes basketball boost after NBA lockout ends
...Line and Footlocker , it was important for the season to start up before Christmas to avoid losing sales in the busiest shopping weeks of the year. Analysts had said Adidas could face losing up to half of its...
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19/10/2011
Crocs cuts outlook on sales slowdown, shares dive
...N) and Footlocker Inc (FL.N) have been selling well, analyst Sozzi said. There is now increased competition among footwear companies and each is vying for consumer's attention, he added. "(If) they have...
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29/08/2011
Footlocker Q2 beats Wall Street
...retailer Foot Locker Inc's quarterly results sprinted past market expectations, helped by continued demand for its running shoes and improved gross margins.
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28/06/2011
Nike quarterly net income rises 14 percent
...in the FootLocker store at the Willow Brook Mall in Wayne, USA - photo: corbis Nike shares gained 4.3 percent to $84.14 in after-hours trading. The sports gear maker said net income for its fiscal fourth quarter,...
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01/06/2011
Foot Locker shares may rise to $30
...es in Foot Locker could reach $30 in the next six months if the shoe retailer beats Wall Street earnings per share estimates for the second quarter, according to a report in Barron's.
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20/05/2011
Foot Locker Q1 sprints past Street on demand for running shoes
...retailer Foot Locker Inc's quarterly results raced past Wall Street expectations, helped by continued strength in demand for running shoes, sending its shares up 9 percent in after-market trade.
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15/04/2011
Adidas launches the lightest shoe in basketball
...available at Foot Locker, Eastbay and www.shopadidas.com. Lawrence Norman, adidas Vice President of Global Basketball, speaks about the technology behind adiZero Crazy light In 2006, Adidas and the National...
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28/03/2011
Finish Line Q4 margins drop on toning shoes fire sale
...rivals Foot Locker Inc and sporting goods retailer Dick's Sporting Goods Inc , which reported better-than-expected quarterly profits earlier this month. Despite a patchy economic recovery, retailers such as...
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03/03/2011
Foot Locker beats with jump in Q4 profit
...retailer Foot Locker Inc posted quarterly profit on Wednesday that more than doubled, helped by margin expansion and same-store sales growth.
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12/12/2010
Stores, shoppers turn to holiday online wish lists
...secret. Foot Locker Inc (FL.N) put up an online wish list a year ago, and apparel and shoe retailer Kenneth Cole Productions (KCP.N) added one this year, displaying it prominently on its website with the message:...
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10/12/2010
Sales growth in toning shoes is set to slow
...retailers like Foot Locker and Finish Line to Shoe Carnival Inc have kept adding shelf space for the shoes. But as the novelty wears off, and some question just how effective the shoes actually are, manufacturers...
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30/11/2010
Foot Locker soon to launch Sneakerpedia
...Foot Locker is getting ready to launch Sneakerpedia, a type of interactive encyclopedia solely dedicated to sneakers. The website will be available to collectors in December and to the rest of the public in January.
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23/11/2010
Foot Locker Inc. reports encouraging 3Q results
...Hicks. Footlocker closed 61 stores and opened 35 new ones during the first nine months of this year. On October 30 2010, the company reported to be operating 3,474 stores in 21 countries in North America, Europe...
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26/08/2010
Foot Locker and Karate Kid join for capsule Adidas collection
...Foot Locker and Adidas present a capsule collection dedicated to fifth sequel of film 'The Karate Kid' that came out in the UK on July 28.
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20/08/2010
Foot Locker Q2 earnings beat Wall Street by a cent
...then, Foot Locker, which operates about 3,500 retail stores across North America, Europe and Australia, has been shutting down underperforming stores and cutting jobs in a bid to consolidate operations of its...
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