Foot Locker

Foot Locker Inc. is riding the wave of shoppers’ growing desire for athletic footwear -- especially trendy basketball shoes -- into all-time record sales.

The new owner of Shoes.com is not wasting any time in its quest to compete in a market dominated by Amazon and Foot Locker.

Shoeme, the parent company of OnlineShoes.com and Shoeme.ca, has formally re-launched Shoes.com after buying the website in December with a refreshed design and expanded product offering, now with more than 450 brands.

New York – Foot Locker Inc. is investing in the future. The company’s board of directors has approved a $220 million capital expenditure program for 2015, maintaining the level of investment in the business that Foot Locker initiated in 2013.

In recent years, the Foot Locker has invested in a variety of strategic growth initiatives, including new store formats, continued expansion of its European banners, capabilities in its direct-to-customer segment, and various technology initiatives.  

Interest in basketball heats up in February with the NBA playoffs around the corner and March Madness set to soon begin. To capitalize on the action, Foot Locker is out with a new spot featuring Kyrie Irving as part of its, “It Must Be February,” campaign.

The 30-second spot, titled "Acting," also stars Ice-T and opens with Irving showing off his latest KYRIE 1 signature Nike kicks, noting that fresh colors will be debuting at Foot Locker stores nationwide throughout the month of February. 

Louisville, Colo. -- Nordstrom ranked as consumers’ favorite fashion retailer for the third consecutive year, followed by Kohl’s, T.J. Maxx, Macy’s and Dillard’s. That’s according to a study by Market Force Information, a provider of customer intelligence solutions.

(L-R) Target's Brian Cornell and Walgreens' Alexander Gourlay

Brown Shoe Co. has sold its Shoes.com online division to a Seattle company looking to compete in a market dominated by Amazon.com and Foot Locker.

SHOEme, parent of OnlineShoes.com and Shoeme.ca, is purchasing Shoes.com for an undisclosed price, the companies said.

New York - Foot Locker Inc. reported net income of $120 million in the third quarter of fiscal 2014, a 13% gain from $104 million in the year-ago period.  Higher pretax income aided Foot Locker’s profit growth.   Total sales increased 6.7% to $1.73 million, compared with $1.62 million in the year-ago period. Same-store sales rose 6.9%.