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Foot Locker, Inc. is an American multinational sportswear and footwear retailer headquartered in Midtown Manhattan, New York City, and operating in over 40 countries. Although established in 1974, and founded as a separate company in 1988, Foot Locker's roots date to 1879, as it is a successor corporation to the F. W. Woolworth Company (“Woolworth's”), which changed its name to Foot Locker ...
Eastbay's parent company, F.W. Woolworth Company, also underwent a major revision, being reorganized as Venator Group in 1997 and changing its name in 2001 to Foot Locker, Inc. In 2022, Foot Locker announced that Eastbay and its distribution center in Wausau would permanently close during the first half of 2023, resulting in 210 layoffs.
Mary Dillon (born 1962) is an American businesswoman and CEO of Foot Locker. Dillon was the CEO of Ulta Beauty, a beauty retail company, from July 2013 until June 2021, when she became chair. She was global chief marketing officer and executive vice president of McDonald's from 2005 to 2010.
Foot Locker's fourth-quarter net income increased 19% to $0.81 year over year. Sales improved 4.6%, with comps growing at a 5.3% clip. Comps (same-store sales) are key because they only include ...
Over time, Foot Locker sees itself reaching $10 billion-plus in annual sales and a 10% operating margin. The company today is at about $8.5 billion in sales and a 7% operating margin.
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