85
Fashion Jobs
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
Published
Nov 20, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Foot Locker battles through supply chain disruption to 4% sales rise

Published
Nov 20, 2021

New York-based sports and footwear retailer Foot Locker, Inc. has reported net sales of $2.19 billion for the third quarter ended October 30, 2021, a result that reflects growth of 3.9% compared to $2.11 billion in the prior-year period, achieved despite supply chain issues.


Foot Locker's net sales totaled$2.19 billionin Q3 - Instagram: @footlocker

 
In constant currencies, sales rose 3.6% in the period, while comparable-store sales rose 2.2%. Compared to the third quarter of 2019, before Foot Locker felt the impact of the Covid-19 crisis, Q3 2021 sales rose 13.3% from $1.93 billion.
 
Net income in the company’s latest third quarter totaled $158 million, or $1.52 per share, compared to income of $265 million, or $2.52 per share, in the prior-year period. In Q3 2019, Foot Locker’s income was $125 million, or $1.16 per share.

“The third quarter was another period of strong performance for our Company that reflects the powerful connectivity we have built with our customers," said Footlocker chairman and CEO Richard Johnson in a release. “These impressive top and bottom-line results were against a robust back-to-school season from last year and in spite of the ongoing supply chain challenges.”
 
Johnson also highlighted that, over the course of the third quarter, the company completed its acquisitions of WSS and Atmos, which join the Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction and Sidestep brands in the group’s portfolio.
 
Year to date, the company’s sales were $6.62 billion, up 23.5% from $5.36 billion in the first nine-months of 2020, and 14.4% from $5.78 billion in the same period in 2019. In constant currencies, year-over-year growth was 21.7%, while comparable-store sales increased 21.3%.
 
Net income for the nine-month period totaled $790 million, or $7.54 per share, compared with $200 million, or $1.91 per share, in 2020, and $357 million, or $3.23 per share, in the same period two years ago.
 
Looking forward, Foot Locker EVP and CFO Andrew Page suggested that the company is well-placed to deal with the challenges posed by ongoing disruptions.  
 
“We expect global supply chain constraints to persist throughout the fourth quarter,” he explained. “That said, we believe we are positioned for the holiday season, with positive momentum and inventory levels ready to meet customer demand.”
 
As of October 30, 2021, Foot Locker operated 2,956 stores in 27 countries spread over North America, Europe, Asia, Australia and New Zealand. The company also has 136 franchise locations to its name in the Middle East.

Copyright © 2024 FashionNetwork.com All rights reserved.