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Although established in 1974, and founded as a separate company in 1988, Foot Locker's roots date to 1879, as it is a successor corporation to the F. W. Woolworth Company (“Woolworth's”), which changed its name to Foot Locker in 2001, as many of its freestanding stores were Kinney Shoes and Woolworth's locations. [3]
The company continued operating throughout the 1960s and 1970s with divisions named Stylco (1967), Susie Casuals (1968), and Foot Locker (1974). [10] On September 16, 1998, the Venator Group, formerly known as Woolworth, announced that Kinney's 467 shoe stores and 103 Footquarters stores would close. The Foot Locker division, started in 1974 ...
Foot Locker, Inc., is the legal continuation of the original Woolworth; it retains Woolworth's pre-1997 stock price history. As part of celebrating F. W. Woolworth's centennial on the New York Stock Exchange on June 26, 2012, a news release featured 1912 Woolworth's store and a 2012 Foot Locker store.
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.
Foot Locker reported a loss of $0.05 per share on sales of $1.9 billion in the second quarter. For comparison, the average analyst expected the business to post a per-share loss of $0.07 on ...
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.