Friday, December 10, 2010

History of footlocker

Before moving on just to let you know where you can get footlocker coupons.
In 1963, F.W. Woolworth Company purchased the Kinney Shoe Corporation and operated it as a subsidiary. In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Foot Locker in 1974.

Foot Locker store, Tower City Center, Cleveland, Ohio
Woolworth also diversified its portfolio of specialty stores in the 1980s, including Afterthoughts, Northern Reflections, and Champs Sports. By 1989, the company was pursuing an aggressive strategy of multiple specialty store formats targeted at enclosed shopping malls. The idea was that if a particular concept failed at a given mall, the company could quickly replace it with a different concept. The company aimed for 10 stores in each of the country's major shopping malls, but this never came to pass as Woolworth never developed that many successful specialty store formats.
In 1988, the F.W. Woolworth Company incorporated a separate company called the "Woolworth Corporation" in the state of New York. The Woolworth Corporation was responsible for the operations of the Foot Locker stores, among the other specialty chains operated by Woolworth's. One of its first moves was the acquisition of Champs Sports and renamed itself the Woolworth Athletic Group.
During the 1980s and 1990s, the F.W. Woolworth Company’s flagship department store chain fell into decline, ultimately culminating in the closure of the last stores operating under the name of Woolworth’s in the United States in 1997, while continuing aggressive expansion into the athletic business with an acquisition of the Eastbay catalog store. That year, Wal-Mart replaced Woolworth in the Dow Jones average. The Woolworth Corporation remained the parent company of Foot Locker, and in 1998 it changed its name to "Venator Group, Inc." By the 1990s, Foot Locker was responsible for more than 70 percent of Kinney Shoe Corp. sales, while traditional shoe retailer Kinney was in decline. Venator announced the shuttering of the remaining Kinney Shoe and Footquarters stores on September 16, 1998.
As the “Foot Locker” brand had become the Woolworth/Venator company’s top performing line, on November 2, 2001 Venator changed its name to Foot Locker, Inc.[4]
In 2004, Foot Locker acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million.[5]
In 2007, Foot Locker joined with schoolPAX[6] to launch the Foot Locker School Rewards Program,[7] designed to provide charitable donations to schools who sign up and shop at Foot Locker with a custom-coded keytag or school code.
In January 2010, Foot Locker announced it would close 117 underperforming stores and cut 120 jobs. At the same time, it would "focus more on female consumers, as they would seek to improve coordination on women's merchandise assortments and marketing strategies across each of the Foot Locker brands," stated by Chief Executive Ken C. Hicks. The New York Company said that its reorganization and job cuts would save the company about $10 million in the next fiscal year.
Source:wikipedia. For the best footlocker coupons.

Buy Shoes at Your Online Foot Locker - Shoes For the Whole Family

Buying shoes is one of the funniest parts of going shopping for new closets. When you buy closet you have to have shoes to go with your outfit. Buying shoes in the mall is the old way of doing things. Now we have online stores everywhere, no crowds, no lines and the best part you do not have to go from store to store to find the right pair. Foot Locker is the largest shoe retailer in the world. Here you can get footlocker coupons You can get shoes for anyone in the family. It does not matter what the need is Foot Locker can fulfill the purpose of getting that new pair of running shoes, walking shoes or just your everyday shoes.

When I shop for shoes online it is so easy. I have 4 girls and if you are someone who has kids then you know how hard it is to take your kids places. They get into everything and they are everywhere, well there is no need to do that anymore, do like I do and shop Foot Locker online. They have shoes for everyone. Nike, Adidas, Timberland and so many other brands.

Another great thing about shopping online at Foot Locker is they have one of the largest selections of sports apparel for you or your kids. I buy all My Dallas Cowboys jerseys at Foot Locker they the best selection on any store online. Whatever your favorite sport is they have it.

So the next time you think about going to the mall and finding your shoes just remember what I said about shopping online "no line, no crowds, no stress and no worries. Get every type of shoe on the planet at Foot Lockers online store. They have great prices all the time on any shoe you can find. It is funny because I tell my girls we are going to buy new shoes and they think we are going to the mall, we just jump on the computer. They seem to like it, so I do not mind it makes my life a lot easier. So have fun shopping at your online Foot Locker. Go here to get the best footlocker coupons.

Start your shoe shopping online at Foot Locker. Get shoes for the whole family all in one place. http://buyanyshoe.blogspot.com/

Hello my name Tobin and I am so glad that you read my article all the way through, I hope you enjoyed it. If there is anything that I can do to improve my article you can leave a comment, I would love to here from you. Have a great day.

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Ahead of the Bell: Foot Locker

In November business week said,
Foot Locker Inc. reported a better-than-expected third-quarter net income on Thursday and an analyst initiated coverage on the athletic retailer with an "Outperform" rating.

Foot Locker returned to a profit of 33 cents per share during the quarter, better than the 17 cents per share analysts polled by Thomson Reuters expected.

Revenue rose 5 percent to $1.28 billion, also ahead of expectations.

"Foot Locker is in the early stages of its margin recovery plan," wrote Camilo Lyon of Wedbush in a note to investors. A resurgence in basketball shoes and apparel and adding more running products to stores will help Foot Locker's results, he said.

He gave the New York company an "Outperform" rating with a $21 price target. Foot Locker shares closed at $16.44 on Thursday.

Foot Locker (FL) Trading Near $18.78 Support Level

For Footlocker coupons and new footlocker offers.
Foot Locker Inc. (NYSE: FL) closed Tuesday's trading session at $19.18. In the past year, the stock has hit a 52-week low of $9.46 and 52-week high of $19.74. Foot Locker stock has been showing support around $18.78 and resistance in the $19.94 range. Technical indicators for the stock are Bullish and S&P gives FL a neutral 3 STARS (out of 5) hold rating. For a hedged play on this stock, look at the May '11 $17.50 covered call for a net debit in the $16.48 area. That is also the break-even stock price for this trade. This covered call has a duration of 164 days, provides 14.08% downside protection and an assigned return rate of 6.19% for an annualized return rate of 13.78% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the FL Jan '12 $12.50 call and selling the May '11 $17.50 call for a total debit of $4.55. The trade has a lifespan of 164 days and would provide 11.11% downside protection and an assigned return rate of 9.89% for an annualized return rate of 22% (for comparison purposes only). Foot Locker has a current annual dividend yield of 3.06%. [THA-Seven Summits Research]