Foot Locker, Inc. held its First Quarter Earnings Conference Call on Friday, May 21st. During the briefing, Foot Locker Chairman and Chief Executive Officer, Richard “Dick” Johnson, shared a number of figures that exceeded projections coming into 2021. Alongside news that revenue increased 82% year-over-year (to $2.15 billion) and that Foot Locker’s digital business grew 43% on a comparable company analysis, a report regarding the future of remaining Footaction retail locations was shared.
Acquired by the umbrella company in 2004, Footaction has historically served as Foot Locker’s lifestyle-oriented counterpart. Although both shops carried mutual products, the former also stocked Nike Dunk and other Nike Sportswear classics. Over the last decade, the 45-year-old brand noticeably transitioned from a “boutique” experience to one that focused on performance basketball. All throughout the country, Footaction locations have been expanded to include Flight 23, a segment dedicated to the Air Jordan line and wider Brand Jordan range of products similar to Foot Locker’s House of Hoops endeavor.
With Footaction’s brick-and-mortar locations being restructured, there’s no word as to whether or not the retailer’s online presence will also shut down. What’s certain, however, is that Foot Locker, Inc.’s decision to close its subsidiary’s locales has been prompted by strategy, not money. And with a pledge to further cater to women and kids, it’s likely the remainder of the year will bring even more success and dominance to Foot Locker within the footwear and sportswear space.
For more sneaker news, check out the anticipated Holiday 2021 Jordans.
“Contact us for more affordable footwear prices. “
“Email : foxcarol558@gmail.com”
Salomon Speed Cross III 40-46EUR
original price：$350.00 Limited time discount price：$30.00
Jordan 5 retro ghost green
original price：$350.00 Limited time discount price：$45.00
Nike Dunk Low Off-White Lot 33
original price：$350.00 Limited time discount price：$46.00