Foot Locker Inc Stock Price, News & Analysis

Foot Locker has launched 'The Sole List' to honor Black innovators in sneaker culture for Black History Month. This initiative highlights the contributions of the Class of 2021, showcasing how these individuals influence cultural conversations and open doors through collaborations. Vice President Jason Brown emphasized the company's commitment to driving change, building on a $200 million commitment over five years to support the Black community. The honorees will be featured across Foot Locker's social channels, celebrating their achievements in the sneaker and broader cultural landscapes.

Foot Locker plans to report its fourth quarter financial results for the period ending January 30, 2021 before the market opens on February 26, 2021. A conference call will occur that day at 9:00 a.m. ET, where the company will provide a business update. Stakeholders are encouraged to pre-register for the call for immediate access. Foot Locker operates nearly 3,000 stores across 28 countries, fostering youth culture through various sneaker brands.

Foot Locker, Inc. (NYSE: FL) announced the appointment of Himanshu Parikh as Senior Vice President and Chief Information Officer, effective December 11, 2020. Parikh will lead the company's technology strategy and operations, enhancing its omni-channel initiatives. With over 25 years of experience, including his recent role at The Michaels Companies, Parikh is expected to drive technology transformation and improve customer experiences. His prior work includes significant contributions to digital commerce and supply chain expansion. Foot Locker operates approximately 3,000 retail stores globally, enhancing youth culture through its brands.

Foot Locker, Inc. (NYSE: FL) announced a short-term shareholder rights plan to protect against unwarranted control through open market accumulation. This decision follows significant stock accumulation by Vesa Equity Investment, which now owns 12.2% of the company's common stock. The rights will become exercisable if ownership exceeds 20%. The plan, adopted on December 4, 2020, is effective immediately and valid for one year, expiring on December 7, 2021. Additional details will be provided in a Form 8-K with the SEC.

Foot Locker, Inc. (NYSE: FL) announced the retirement of Lauren B. Peters, Executive Vice President and Chief Financial Officer, effective April 2021. A search for her successor is underway, with both internal and external candidates being considered. Richard Johnson, CEO, praised Peters for her 23 years of service and nine years as CFO, highlighting her contributions to the company's growth and financial organization. Foot Locker operates nearly 3,000 stores globally, focusing on youth culture and sneaker communities.

Foot Locker reported a strong third-quarter performance for 2020, with net income rising to $265 million or $2.52 per share, compared to $125 million or $1.16 per share in Q3 2019. Total sales increased by 9.0% year-over-year to $2,106 million, driven by a 7.7% rise in comparable-store sales. However, year-to-date sales fell 7.3% compared to the previous year. The company has $2 billion in liquidity and closed 95 stores while opening 27 new ones. Foot Locker has not provided full-year 2020 guidance due to ongoing uncertainty from COVID-19.

Foot Locker is set to launch the "12 Days of Greatness" holiday campaign starting Nov. 20, showcasing exclusive basketball-inspired capsule collections. Collaborations with renowned streetwear designers such as Don C, Melody Ehsani, and Kyle Kuzma will feature during this event, culminating in unique apparel and accessories aimed at basketball enthusiasts. The campaign runs until Dec. 26, with drops scheduled for each of the 12 days. Foot Locker aims to enhance the holiday shopping experience by merging sneaker culture with basketball.

Foot Locker, Inc. (NYSE: FL) has declared a quarterly cash dividend of $0.15 per share, set to be paid on January 29, 2021, to shareholders on record by January 15, 2021. This decision reflects the company's ongoing commitment to return value to its shareholders. Operating approximately 3,100 retail stores globally, Foot Locker continues to lead in sneaker and youth culture through its diverse portfolio of brands.

Foot Locker, Inc. (NYSE: FL) will report its third-quarter financial results on November 20, 2020, before U.S. markets open. A conference call is scheduled for 9:00 a.m. ET on the same day, where the company will discuss its business performance. Participants can pre-register for the call or join via dial-in numbers. Foot Locker operates around 3,100 stores across 27 countries, promoting sneaker and youth culture through various brands. Investors can access the call via webcast and archived playback post-event.