Gina Ammerman Section 401 September 29, 2008
Company Description Main Headquarters: New York, New York Leading retailer of athletic shoes and apparel Has about 3,800 specialty stores in 20 countries in North America, Europe, Australia, and New Zealand Also Operates: Lady Foot Locker Kids Foot Locker Champs Sports ○ athletic wear retail chain Eastbay ○ a catalog retailer of athletic equipment and apparel Footlocker.com website Jump to company executives Gina Ammerman Section 401
Company History Frank Winfield Woolworth Founder of Woolworth Corporation Transformed the idea of 5 and 10 cent store into international retail ○ Utica, New York Poor location Eventually closed – June 1879 ○ Lancaster, Pennsylvania Successful location Led to the opening of new outlets Opening of Woolco Response to changing retail environment Leading competitor: Kmart Struggled to keep up with competition 1993: All 122 Woolco stores sold to Wal-Mart Restructuring Woolworth Corporation Focused on creating a specialty store Changed company name to The Venator Group ○ Latin word for sportsman ○ “A global team of retailers…..invigorated by the challenge of winning in the world’s marketplace” Changed company name to Foot Locker Inc. – 2001 Gina Ammerman Section 401
Information Available on Website: Footlocker.com Men’s Products Women’s Products Kids’ Products Fan Gear Casual Products Accessories Brand Names Outlet Products Store Locations Online Shopping Gina Ammerman Section 401
Brands Offered at Foot Locker Jordan Nike Adidas Puma Converse Reebok Asics New Balance Rocawear South Pole Timberland K-swiss Saucony Nike SPARQ Fila Mizuno Pastry Fossil Gina Ammerman Section 401
Top Competitors Foot Locker competitors are primarily in the Apparel & Accessories Retail industry. Foot Locker also competes in the Non-store Retail, and Sporting & Recreational Equipment Retail sectors. The output of US shoe and other leather product manufacturing is forecast to grow at an annual compounded rate of 2.9 percent between 2007 and Foot Locker leads the pack in the race to capture the biggest share of the athletic footwear market. Gina Ammerman Section 401
Stock Trend Gina Ammerman Section 401
Executive Hierarchy Matthew D. Serra (Chairman, President, and CEO) Robert W. McHugh (SVP and CFO) Gary M. Bahler (SVP, General Counsel, and Secretary) Age: 63 Salary: $1,500,000 Age: 49 Salary: $500,000 Age: 56 Salary: $517,400 Jump to company description Gina Ammerman Section 401
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