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Foot Locker has steadily risen in Fortune 500 rank, from 446 in 2011 [15] to 363 in 2018. [16] Foot Locker recorded a record turnover of 7.151 million dollars at the end of the fiscal year 2015. [17] In 2019, Foot Locker invested $100 million (~$118 million in 2023) in GOAT, an online resale marketplace for sneakers. [18]
Foot Locker announced plans to close 400 locations by 2026, mostly those underperforming in malls, to focus on experimental concepts and better customer outreach. [132] Francesca's filed for Chapter 11 bankruptcy protection on December 4, 2020, and 275 of its locations were closed. It was sold to TerraMar Capital LLC in January 2021 and exited ...
Eastbay's parent company, F.W. Woolworth Company, also underwent a major revision, being reorganized as Venator Group in 1997 and changing its name in 2001 to Foot Locker, Inc. [2] In 2022, Foot Locker announced that Eastbay and its distribution center in Wausau would permanently close during the first half of 2023, resulting in 210 layoffs.
During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker chain was appearing on bankruptcy watch lists as recently as March.
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