Foot Locker, Inc.
Type	Public (NYSE: FL)
Founded	F. W. Woolworth Company established in 1878 and incorporated in 1911 in New York. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The F W Woolworth Company (often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous Foot Locker stores established in 1974. The separate division was incorporated in 1989. Name changed in 2001.
Headquarters	New York City, USA
Key people	Matthew D. The City of New York The United States of America —commonly referred to as the Serra, Kenneth Decook, Chairman, President & CEO Richard T. Mina, (Joanne Grant Canada), President & CEO - U. S. A. (Canada) Robert W. McHugh, CFO
Industry	Retail
Products	Clothing and Shoes
Employees	44,109
Website	Foot Locker, Inc.

Foot Locker, Inc. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Clothing (also called clothes, accoutrements, accouterments, or habiliments) protects the Human body from extreme Weather A shoe is an item of Footwear. Shoes may vary from a simple Flip-flop to a complex Boot. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages (NYSE: FL) is a major American sportswear and footwear retailer, with its headquarters in New York City, and operating in approximately 20 countries worldwide. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The United States of America —commonly referred to as the The City of New York Formerly known as Venator Group, Inc. , it is the successor corporation to the F.W. Woolworth Company (“Woolworth’s”). The F W Woolworth Company (often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores Foot Locker, Inc. operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), Champs Sports, Footaction USA, and Eastbay/Footlocker.com Eastbay/Footlocker. Champs Sports, with about 600 mostly mall-based stores is the second-largest component retailer in the Foot Locker family of stores Foot Locker Inc ( is an American sportswear and footwear retailer with its headquarters in New York City, and operating in approximately 20 countries worldwide Eastbay is a leading world supplier of athletic footwear apparel and sports equipment com own the rights to Final Score, ESPN Shop, AFL Store, and The United States Olympic Shop. The chain is known for its employees uniforms resembling those of referees. A referee is a person who has authority to make decisions about play in many Sports Officials in various sports are known by a variety of titles including referee

According to the company's filings with the SEC, as of January 28, 2006, Foot Locker, Inc. The US Securities and Exchange Commission (commonly known as the SEC) is an independent agency of the United States government which holds primary responsibility Events 1077 - Walk to Canossa: The Excommunication of Henry IV Holy Roman Emperor is lifted Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. had 3,921 primarily mall-based stores in the United States, Canada, Europe and Asia Pacific (including Australia and New Zealand). Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page For a topic outline on this subject see List of basic Australia topics. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island

History

In 1963, Woolworth purchased the Kinney Shoe Corporation and operated it as a subsidiary. Kinney Shoes is a defunct chain of full-service shoe stores They carried a full line of shoes dress and casual for men women and children A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Foot Locker in 1974.

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 1989, the F. W. Woolworth Company incorporated a separate company called the "Woolworth Corporation" in the state of New York. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous 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.

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. A department store is a Retail establishment which specializes in selling a wide range of products without a single predominant merchandise line. Eastbay is a leading world supplier of athletic footwear apparel and sports equipment 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 became the Woolworth/Venator company’s top performing line, on November 2, 2001 Venator changed its name to Foot Locker, Inc. A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a Events 1570 - A Tidal wave in the North Sea devastates the coast from Holland to Jutland, killing more than 1000 Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. ^[1]

In 2004, Foot Locker acquired the Footaction USA brand and approximately 350 stores from Footstar for $350 million. For the browser game known as Footstar see Planetarium Football Star. ^[2]

In 2007, Foot Locker joined with schoolPAX^[3] to launch the Foot Locker School Rewards Program,^[4] designed to provide charitable donations to schools who sign up and shop at Foot Locker with a custom-coded keytag or school code.

References

• Fortune magazine, early 1989.

External links

• Foot Locker, Inc. website
• Foot Locker USA
• Foot Locker Europe and UK Website
• History of Kinney Shoes

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