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Foot Locker

  • Retail real estate’s wunderkind buys another center

    Four more and he’ll match his age.   Twenty-four-year old Joel J. Gorjian, a VP at Great Neck, New York-based Namdar Realty Group, has made his 20th retail center purchase in the past 12 months, this time a mall in suburban Chicago.  

  • Jet.com shuts down 'cash-back' rewards program

    The Jet Anywhere rewards program is preparing for its final descent.   As of May 1, Jet.com is pulling the plug on a program that rewards consumers for shopping on its retail portal. As shoppers enter the Jet Anywhere e-commerce portal, they can click through and shop at more than 600 retail partners, including Foot Locker, Land’s End, Saks Fifth Avenue, Lord & Taylor and Bloomingdales, among others.   

  • Racine advances $16 million mall rescue plan

    Trusted national news sources such as the Wall Street Journal and New York Times continue to augur the fall the mall, but many American towns won’t give them up without a fight.   One such is Racine, Wisconsin, whose City Plan Commission advanced a scheme to revitalize the failing Regency Mall by forming a tax increment district (TID) around the 134-acre site that includes out-lots housing Target, Home Depot, Toys R Us, and the High Ridge Center.  

  • Specialty athletic retailer grows profit for seventh straight year

    Despite a softer sales environment, Foot Locker reported strong fourth quarter earnings — surpassing analyst estimates.   For the fourth quarter ended January 28, 2017, the specialty athletic retailer’s profits hit $189 million, or $1.42 per share, compared with net income of $158 million, or $1.14 per share in the same period of 2015. This exceeded analyst estimates of $1.31 per share.  

  • Foot Locker in top form in Q3 profit surges

    Foot Locker reported third-quarter profit that surpassed analysts’ expectations.   The retailer’s earnings soared 96.3% in the quarter ended Oct. 29 to $157 million, or $1.17 a share, up from $80 million, or 57 cents, a year ago.   Total sales increased 5.1% to $1.886 billion this year. Same-store sales were up 4.7%.  

  • New looks, new formats

    With the physical store now widely acknowledged as a critical touchpoint in a customer’s omnichannel shopping journey, many retailers spent the summer opening new prototypes and formats.

    Here are three that are still generating buzz:

    Sephora

    Sephora’s new outpost on Chicago’s Michigan Avenue makes buying makeup and other beauty products an interactive experience.

  • Foot Locker, Manhattan

  • Foot Locker tries on new store model

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