Foot Locker turnover and profit grew in 2013

Foot Locker turnover and profit grew in 2013

Shoe brand Foot Locker has managed a turnover growth of 5.2 % last year to 6.5 billion dollars (4.7 billion euro), with the like-for-like turnover and net profit also on the rise.

Profit increase

The sales resulted in a 429 million dollars (310 million euro) net profit for the sports chain: a slight increase compared to the previous fiscal year, when net profit was 397 million dollars (290 million euro).

 

The fourth quarter alone provided a 1.8 billion dollars (1.3 billion euro) turnover, which was a 4.6 % increase compared to the year before, with 2012 even having an additional week, a week with an another 81 million dollars (58 million euro) turnover.

 

“Proud of the progress”

“I am very proud of the progress that the entire team at Foot Locker, Inc. is making towards reaching our long term goals and objectives”, CEO Ken C. Hicks said in a press release. “While we accomplished a great deal in 2013, we have many more opportunities to improve the business further. Specifically for 2014, we believe we can build on our momentum.”

 

Foot Locker currently has 3,473 stores worldwide, spread over different concepts, with 193 Runners Point stores, a chain Foot Locker acquired in July 2013. Foot Locker has also opened another 84 own stores, while it also closed 137 stores (and 3 Runners Point stores) and renovated (or relocated) another 320 stores.

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