A rendering of Foot Locker’s proposed headquarters in Florida. Courtesy of The Feil Organization Foot Locker’s future headquarters in St. Petersburg, Fla. is no more. In a memo by St. Petersburg city development administrator James Corbett, which was seen by FN, the retailer has “reevaluated” its corporate strategy following its $2.4 billion acquisition by Dick’s […]
Nike is a big wholesale account for Dick’s and Foot Locker, representing a combined $8 billion in sales for the two retailers. Jim Watson/AFP via Getty images On the heels of Skechers’ $9 billion go-private deal last week, all eyes are now on Dick’s Sporting Goods Inc.’s $2.4 billion move to buy Foot Locker Inc. […]
Foot Locker is touting a “less is more” approach to rebuild its business.In addition to moving its global headquarters to St. Petersburg, Fla. from New York City in 2025, Foot Locker said this week it would shut down its stores and e-commerce operations in South Korea, Denmark, Norway and Sweden. The contraction comes on the […]
Anne Mehlman didn’t expect to become the brand president of Crocs. But as her role as the company’s chief financial officer evolved, the career move began to make a lot more sense. “I was really given the opportunity to continue to take on different areas and grow around the business,” Mehlman, who last month was […]
Genesco Inc. has named another former Foot Locker exec to its Journeys leadership team. The Nashville-based company, which also owns Johnston & Murphy, Schuh and other labels, appointed Chris Santaella as EVP and chief merchandising officer for the Journeys group, replacing Pete Hicks who retired in October. Santaella’s appointment is effective Feb. 5. This week, Andy Gray officially started at Genesco […]
Foot Locker executives on Wednesday said the retailer is making progress on its efforts to increase the assortment of brands outside of the Nike ecosystem. In a call with analysts discussing third quarter results, Foot Locker president and CEO Mary Dillon said that the chain’s brand mix diversity outside of Nike increased to 36 percent of sales in Q3, […]
Foot Locker Inc. shares fell on Friday after the retailer reported a weak sales total for the first quarter. Total sales for Q1 were $1.93 billion, down 11.4 percent over the prior year and slightly short of the $1.99 billion expected by analysts surveyed by Yahoo Finance. Net income was $36 million compared with $133 […]