86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
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
Published
May 22, 2021
Reading time
2 minutes
Download
Download the article
Print
Text size

Foot Locker posts strong sales growth, announces closure of Footaction stores

Published
May 22, 2021

American sports and footwear retailer Foot Locker reported total first-quarter sales of $2.15 billion on Friday, an increase of 83.1% from $1.18 billion in Q1 2020. In constant currencies, growth was 79.4%. The company also announced that it will close the majority of its remaining Footaction stores over the next two years.


Foot Locker's Q1 revenue increased compared to both fiscal 2020 and 2019 - Instagram: @footlocker

 
The sharp rise in the New York-based company’s sales in the first quarter ended May 1, 2021, was partially due to the fact that the prior-year period was strongly negatively affected by the Covid-19 pandemic. However, the retailer’s latest quarterly revenues also represented a 3.6% increase compared to its sales in Q1 2019.
 
Net income for the quarter was $202 million, or $1.93 per share, compared to a net loss of $110 million, or $1.06 per share, in the same period in the previous year.

“I am extremely pleased with the strength of our performance in the first quarter, compared not only to last year's heavily Covid impacted first quarter, but also relative to the first quarter of 2019,” said Foot Locker chairman and CEO Richard Johnson in a release. “Our merchandise offering resonated very well with our customers, driving strength in our stores and continued momentum in our digital business.”
 
Foot Locker currently operates 1,952 stores in 27 countries across North America, Europe, Asia, Australia and New Zealand, and also boasts 131 franchise locations in the Middle East.
 
As part of an ongoing strategy to better position its store fleet, Foot Locker said that it is converting approximately a third of its Footaction lifestyle locations into existing banner concepts over the course of this year. The majority of the remaining two-thirds will be shuttered as leases expire in the next two years.
 
Due to continued uncertainty about the evolution of the Covid-19 pandemic, Foot Locker has not provided full-year financial guidance for fiscal 2021.
 

Copyright © 2024 FashionNetwork.com All rights reserved.