Record profit and turnover for Foot Locker

Record profit and turnover for Foot Locker

Foot Locker's first quarter of 2014 resulted in decisive numbers, with both profit and turnover reaching record heights. Net profit grew to 162 million dollars.

14 % more turnover

2013's first quarter net profit reached 138 million dollars (101.2 million euro), which Foot Locker now has easily trumped as it reached 162 million dollars (118.8 million euro). The increase was because of a 14 % turnover increase from 1.6 billion dollars (1.2 billion euro) to 1.9 billion dollars (1.37 billion euro).

 

Obviously, CEO Ken C. Hicks was extremely satisfied with the American shoe brand's first quarter results: "We are off to a great start in 2014, with our first quarter results representing the highest quarterly sales and profits in our history as an athletic company. Every person in our company is playing an important role in producing our current strong performance [...] as we work towards the achievement of our long-term financial and operational objectives", he said in a press release.

 

Foot Locker opened 27 new stores in the previous quarter, while remodeling another 49 and closing 36 more. At the beginning of May, Foot Locker owned 3,464 stores in 23 countries with another 47 franchise stores in the Middle East and South Korea. On top of these stores, Foot Locker has another 27 stores through its Runners and Sidestep franchise stores in Germany and Switzerland.

Questions or comments? Please feel free to contact the editors


Aldi Nord and Aldi Süd collaborate for animal welfare

18/01/2018

Aldi Nord and Aldi Süd will join forces for a unique collaboration: they will launch their own animal welfare quality mark. “Fair & Gut” (Fair and Good) will launch in Germany for poultry products, but steadily expand.

Rewe uses chocolate pudding to see how little sugar is acceptable

18/01/2018

German supermarket chain Rewe has asked its customers how little sugar they can bear. It aims to lower its private label’s sugar levels, but the consumer will decide by how much.

Lidl dials down its American ambitions

18/01/2018

Lidl had hoped to have about a hundred stores in the United States by the summer, but will be forced to adjust its first-year goals. The German chain currently has 49 stores in the United States.

Carrefour looks back on difficult year

17/01/2018

Despite a fourth quarter improvement, French Carrefour has been through a very difficult year. Next week, CEO Alexandre Bompard is expected to set out new guidelines in order to give the retail giant's results a new push.

British supermarket chain Iceland gives plastic the boot

17/01/2018

British frozen food chain Iceland will be the first supermarket chain to cut all plastic packages from its private labels. By 2023, each of its 1,400 private label products will have more sustainable packaging, like cardboard and paper, alternatives to plastic.

AB InBev sells two German beers

17/01/2018

AB InBev has sold German beer brands Diebels and Hasseröder, alongside its breweries, to investment fund CKCF. The new owner wants to invest more in the two beer brands.

Back to top