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In 2007, Foot Locker joined with schoolPAX [11] to launch the Foot Locker School Rewards Program, [12] designed to provide charitable donations to schools who sign up and shop at Foot Locker with a custom-coded key tag or school code. Foot Locker purchased CCS, a skateboarding equipment retailer, from Alloy for $103 million in cash. [13]
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.
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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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Malls, once the epicenter of Americans' suburban shopping sprees, continue to struggle. Even the flashy, much-hyped American Dream mall in New Jersey, which just opened in 2019, lost a whopping ...