Foot Locker Inc

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USA: Foot Locker To Cut Nike Purchases By Up To $250m | 16 Sep 02

Athletic retailer Foot Locker, Nike's largest customer, says it could cut its planned purchases of Nike Inc high-end footwear and other products by between $150-250 million in 2003. In a quarterly filing with the US Securities and Exchange Commission, the company said it expects to meet customer demand for marquee products with smaller purchases from its other key vendors.

USA: Foot Locker Reaffirms Q3 Outlook | 6 Sep 02

Leading sports shoe chain Foot Locker Inc on Thursday Foot Locker Inc reaffirmed its third quarter earnings forecast of 28 cents to 30 cents a share on the back of a rise in sales.

USA: Foot Locker Swings To $31m Q2 Profit | 23 Aug 02

Sports shoe retail giant Foot Locker Inc said on Thursday it swung to a profit in the second quarter as higher sales boosted income. The operator of 3,600 stores posted net income of $31 million, or 21 cents a share, for the 13 weeks ended August 3, compared with a net loss of $14m, or 10 cents a share, in the year-ago period.

USA: Foot Locker Names New Canadian President | 20 Aug 02

Shoe chain Foot Locker Inc on Monday announced the appointment of Edward Schleicher as president of its 129 store Foot Locker Canada division. The 55-year-old, who joins from Sterns Department Stores, replaces Nick Grayston who was recently promoted to president and CEO of Lady Foot Locker and will report to CEO Matt Serra.

USA: Nike Cuts Outlook For Future Worldwide Orders | 16 Aug 02

Sportswear and sports shoe giant Nike Inc has reduced its outlook for future global orders after its largest customer, Foot Locker, cut its orders.

USA: Foot Locker Names Grayston As Women's Unit Chief | 14 Aug 02

Sports shoe chain Foot Locker Inc on Wednesday named Nick Grayston as president and chief executive of Lady Foot Locker following the recent resignation of Dan Demicell. The operator of more than 3,600 stores said in a statement Grayston was most recently president of Foot Locker Canada and will now take responsibility for the 632-strong Lady Foot Locker network.

USA: Footstar Same-Store Sales Fall 7 Per Cent In July | 1 Aug 02

Shoe retailer Footstar Inc today said comparable store sales for the four-week period ended 27 July 2002 decreased 7.0 per cent on what the company described as "disappointing sales at Footaction". Comparable store sales at Meldisco decreased 0.2 per cent and across the athletic segment fell 15.2 per cent.

SINGAPORE: Geac Weaves CDN$1.7m ERP Deal With Ghim Li | 1 Aug 02

Ghim Li Holdings Co Pte Ltd, a major manufacturer of men's, ladies and children's wear, has signed a Sin$1.9 million contract with Geac Enterprise Solutions, a division of Geac Computer Corporation Limited, to help expand its operating efficiency and automate many of its existing business processes across geographical boundaries.

USA: Skechers Names Larry Remington International President | 30 Jul 02

Leading footwear designer and marketer Skechers USA Inc on Tuesday named industry veteran Larry Remington as president of its international division. Working out of its heaquarters in Manhattan Beach, California, Remington will oversee all aspects of Skechers' international division including the company's distribution strategies, operations, logistics and Internet technology.

USA: Foot Locker Puts Boot Into Nike - Paper | 22 Jul 02

Leading footwear chain Foot Locker has slashed the number of expensive Nike trainers it stocks in a move that could see some of the sports shoe giant's rivals gain shelf space, it was reported on Monday. According to the Wall Street Journal, Foot Locker's decision and reduced orders from other chains has forced Nike to find other retail outlets for more than a million pairs of high-end trainers.

USA: Foot Locker Sees Continued Earnings Growth | 20 Jun 02

Sportswear and athletic shoe chain, Foot Locker Inc, has reiterated its 2002 earnings outlook and said it expects to earn 22-24 cents per share during the second quarter of 2002 - up 10-20 per cent on last year's figures. The New York-based company's president and CEO, Matthew Serra, told shareholders at its AGM that it sees continued earnings growth and for the full-year expects to earn $1.12 to $1.15 per share - a gain of up to 17 per cent over 2001.

USA: Foot Locker Agrees Adidas Merchandising Deal | 18 Jun 02

Specialty athletic retailer, Foot Locker Inc, on Monday said it had agreed a deal with adidas to feature Tracy McGrady-endorsed merchandise through specially designed shops in 400 Foot Locker and Champs Sports stores across the US. "We are very pleased to announce this important agreement with adidas," commented the New York-based company's CEO and president, Matthew Serra. "This program is in line with our strategic priority of increasing the productivity of our existing stores. We plan to feature expanded assortments of the strongest selling footwear, apparel and accessories endorsed by Tracy McGrady in these specially designed shops."

USA: Foot Locker Signs For New Timekeeping Software | 30 May 02

Leading specialty retailer of footwear and sports apparel, Foot Locker Inc, on Wednesday agreed a $1 million deal with Park City Group which will see time and attendance software installed in 3,100 stores. This deal follows a pilot project in which TimeMeter was installed and operated in various Foot Locker outlets. TimeMeter, as part of the ActionManager Labour Scheduling solution, manages timekeeping and automatically converts data to match most popular payroll systems.

USA: Charges Eat Into Footlocker Profits | 24 May 02

Leading athletic shoe retailer Foot Locker Inc on Thursday revealed a 46 per cent year-on-year plunge in first quarter net profit due to losses from discontinued operations. The company said in a news release that net income fell to $20 million, or 14 cents a share, from $37m, or 27 cents a share, in 2001. Its latest figures include a $36m charge for items related to disposed operations.

USA: Footstar April Sales Fall 7.9 Per Cent | 3 May 02

Shoe retailer Footstar Inc said sales at its stores open at least a year slid 7.9 per cent in April. Despite this, chairman and chief executive Mickey Robinson said its April results were ahead of plan, as early warm weather boosted more full-priced sales at its Meldisco division - which operates retailer Kmart Corp's shoe department - as well as in its licensed departments.

USA: Restructuring Charges Hit Footstar Profits | 25 Apr 02

Sports and athletic footwear retailer Footstar Inc on Wednesday posted a first quarter net loss of $6.1 million after being hit by restructuring and other charges of $19.6m. Footstar said the charges included inventory write-downs and severance costs linked to Kmart's closure of 283 stores, as well as costs to shut down the its Texas Footaction offices, including building exit costs and severance costs.

USA: Footstar Names New Consumer Direct Head | 28 Mar 02

Shoe retailer Footstar Inc has appointed Harry Colcord President of its Consumer Direct business, which will include direct marketing for its Meldisco and Athletic divisions. He will oversee the development of catalogues for Thom McAn and Footstar's two athletic chains, Footaction and Just For Feet, and take responsibility for setting the direct marketing strategy for Footstar.

USA: Footstar Consolidates Athletic Chains Into New Division | 26 Mar 02

Shoe retailer Footstar Inc announced on Monday it plans to consolidate its two athletic chains, Footaction and Just For Feet, into a single Footstar Athletic division. In a statement, the New York-based company said Shawn Neville, president and chief executive of Footaction since 1999, will head the new unit, which will be headquartered in New Jersey

USA: Profits Up At Foot Locker Despite Q4 Sales Slip | 14 Mar 02

Leading US-based athletic footwear and clothing retailer, Foot Locker Inc, saw its sales stumble during the fourth quarter but still posted a profit, it revealed on Thursday. Seasonal sales slipped eight per cent to $1.16 billion from $1.26 in the year-ago period, but net profit jumped to $36 million, or 24 cents a share, versus a net loss of $288m, or $2.06 a share, in 2001.

FRANCE: Court Bans Nike From Using Presto Name | 8 Feb 02

A French court has barred Nike Inc from distributing its Presto sportswear line in France, and ordered the US sportswear giant and its distributors to pay damages of 600,000 euros ($520,000) for trademark violation.

USA: Foot Locker Elects Nicholas DiPaolo To The Board | 17 Jan 02

Foot Locker Inc, the New York-based specialty athletic retailer, today announced that Nicholas DiPaolo, vice chairman and chief operating officer of Bernard Chaus Inc, has been elected to the company's board of directors.

USA: Footstar Plans New Stores For 2002 | 14 Dec 01

Footstar Inc expects an operating margin of approximately 7 per cent next year, assuming flat to low single digit store sales growth. The company also anticipates ending fiscal year 2001 with $140 to $150 million outstanding under its revolving credit facility, and to end fiscal year 2002 with less than $100 million outstanding.

USA: Footstar Reports Slight Increase In November Sales | 29 Nov 01

Leading footwear retailer Footstar Inc on Thursday reported total sales for the four-week period ended November 24, of $186.9 million, slightly above the $186.7m posted in the year ago period. Total sales in the company's athletic segment decreased 6.3 per cent to $64.6m from $68.9m, and total sales for the Meldisco division increased 3.9 per cent to $122.3m from $117.8m.

USA: Venator Changes Name To Foot Locker Inc | 2 Nov 01

Athletic retailerVenator Group Inc today announced that it is to do business as Foot Locker Inc, effective immediately. The name change to Foot Locker Inc was made official following yesterday's approval by shareholders at a special meeting held at the corporate headquarters in New York City.

USA: Venator Concludes Northern Group Sale | 1 Oct 01

Global athletic footwear and apparel retailer Venator Group Inc has completed the sale of its 353 store Northern Group retail-apparel division for an undisclosed sum. The new owner is a Canadian unit of investment firm York Management Services Inc. The sale of Canadian-based Northern Group is part of Venator's ongoing efforts to focus on athletic businesses such as its Foot Locker chain.

USA: Oakley And Foot Locker To Expand Partnership | 26 Sep 01

Footwear, sunglasses and apparel manufacturer Oakley Inc is to expand its retail partnership with Venator Group's Foot Locker, Oakley revealed on Tuesday. The partnership covers Oakley's eye and footwear. By early November, Oakley eyewear will be sold in 350 US Foot Locker stores. The number of Foot Locker stores selling Oakley footwear will increase from 112 to 316.

USA: Footstar Pushes Ahead With Store Closures | 21 Sep 01

US footwear retailer Footstar Inc is to speed up the closing of under-performing athletic shoe stores, resulting in charges of about $67m and lowering its earnings outlook for the second half of the year.

USA: Oakley Expands Retail Presence | 4 Sep 01

- in Champs Sports Stores Including 30 Branded Concept Areas Oakley, Inc. (NYSE: news) today announced the expansion of its relationship with leading sporting goods retailer Champs Sports, a division of Venator Group (NYSE: news). Within the next 30 days Champs Sports plans to expand by 35 percent the number of its US stores carrying Oakley products -- to 500 from 370 currently -- and support the creation of 30 in-store Oakley concept areas featuring a wide variety of Oakley sunglasses, footwear, apparel and watches.

USA: dELiA*s Corp. Appoints New Marketing Chief | 24 Jul 01

dELiA*s Corp, a multichannel retailer to teenage girls and young women, today announced the appointment of Hilary Chasin to the position of executive vice president of marketing of dELiA*s Corp. Ms Chasin was most recently management director and partner of Dirty Water Integrated, an advertising and marketing services firm specialising in integrated branding for emerging technologies.

USA: Polo's Club Monaco Names Gary Miller CFO | 29 Jun 01

Club Monaco, the Canadian-based international retailer owned by Polo Ralph Lauren Corporation, announced yesterday that Gary Miller has joined the company as CFO. Mr. Miller will report to John Mehas, president and COO of Club Monaco and will be based in Toronto, Canada. "Gary is a proven talent in the areas of corporate finance and vertical retail operations. As chief financial officer, he will be a great addition to Club Monaco as we continue to grow our businesses in both Canada and the US,'' commented Mr Mehas.








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