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In 2019, Foot Locker invested $100 million (~$118 million in 2023) in GOAT, an online resale marketplace for sneakers. [18] In 2021, Foot Locker acquired Los Angeles–based athletic retailer WSS and Tokyo-based Atmos. [19] In 2022, Foot Locker announced it would aim to achieve net zero emissions by 2050. [20]
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.
The company is launching their first iteration, HYPERGEL-KENZEN, exclusively with Foot Locker, Inc. and rolling out a massive campaign with global DJ and producer Steve Aoki, a top-line example of ...
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.
In 2018, GOAT acquired retail sneaker consignment company Flight Club. GOAT and Flight Club continued to operate as two separate brands and led to the creation of GOAT Group. [2] The acquisition was followed by a $100 million investment from Foot Locker in 2019. [3]
Champs Sports was acquired in the 1980s by the Woolworth Corporation, then a specialty store division of the F. W. Woolworth Company.It, along with Foot Locker (which was owned by Woolworth and is now the name of the company that succeeded Woolworth), sold athletic merchandise, replacing the five and dime and department store concepts with the increasing specialty store concept.