Foot Locker's like-for-like turnover grows nearly 10 % | RetailDetail

Foot Locker's like-for-like turnover grows nearly 10 %

Foot Locker's like-for-like turnover grows nearly 10 %

Shoe chain Foot Locker's like-for-like turnover grew 9.6 % in the second quarter of its fiscal year. Net profit also soared and grew a quarter compared to last year.

"Extended momentum"

Foot Locker's total turnover reached 1.7 billion dollars (1.5 billion euro), a 3.3 % growth compared to 2014, when turnover reached 1.6 billion dollars. Excluding exchange rate fluctuations, the turnover grew 9.9 %.

 

"We extended the momentum with which we started 2015, generating outstanding quarterly sales and profits in the second quarter", CEO and president Richard Johnson said. "We continued to achieve broad-based and consistent strength across geographies, banners, channels, and categories."

 

Turnover grew 2.9 % in the first part of the year, up to 3.6 billion dollars (3.1 billion euro). Net profit grew 24 % to 303 million dollars (264 million euro). Foot Locker currently has some 3,500 stores worldwide.

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