įoot Locker, Southside Wandsworth, LondonĪs the "Foot Locker" brand had become the Woolworth/Venator company's top performing line, on NovemVenator changed its name to Foot Locker, Inc. On February 12, 1999, a federal jury in Austin awarded $341,000 to a former Foot Locker shoe store manager who said the company systematically discriminated against its African American employees by offering more opportunities for promotions to white managers. Venator announced the shuttering of the remaining Kinney Shoe and Footquarters stores on September 16, 1998. sales, while traditional shoe retailer Kinney was in decline. The Woolworth Corporation remained the parent company of Foot Locker, and in 1998 it changed its name to "Venator Group, Inc." By the 1990s, Foot Locker was responsible for more than 70 percent of Kinney Shoe Corp. After 1997, Wal-Mart replaced Woolworth in the Dow Jones average. Deciding to continue aggressive expansion into the athletic business in the following years, the company acquired Eastbay in 1997, which was the largest athletic catalog retailer in the United States, as well as subsequent purchases of regional storefront retailers Sporting Goods (purchased in 1997) and The Athletic Fitters (purchased in 1998). Woolworth Company's flagship department store chain fell into decline, ultimately culminating in the closure of the last stores operating under the name of Woolworth's in the United States in 1997. One of its first moves was the acquisition of Champs Sports and to rename itself the Woolworth Athletic Group.ĭuring the 1980s and 1990s, the F.W. The Woolworth Corporation was responsible for the operations of the Foot Locker stores, among the other specialty chains operated by Woolworth's. Woolworth Company incorporated a separate company called the Woolworth Corporation in the state of New York. The company aimed for 10 stores in each of the country's major shopping malls, but this never came to pass as Woolworth never developed that many successful specialty store formats. The idea was that if a particular concept failed at a given mall, the company could quickly replace it with a different concept. By 1989, the company was pursuing an aggressive strategy of multiple specialty store formats targeted at enclosed shopping malls. Woolworth also diversified its portfolio of specialty stores in the 1980s, including Afterthoughts, Northern Reflections, Rx Place, and Champs Sports. The first Foot Locker opened in the Puente Hills Mall in City of Industry, California. In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Foot Locker on September 12, 1974. Woolworth Company purchased the Kinney Shoe Corporation and operated it as a subsidiary. Nearly 70% of its products are from Nike. had 3,363 primarily mall-based stores in the United States, Canada, Europe, and Asia. The company is also famous for its employees' uniforms at its flagship Foot Locker chain, resembling those of referees.Īccording to the company's filings with the SEC, as of January 28, 2017, Foot Locker, Inc. The company operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), and other athletic-based divisions including Champs Sports, Footaction USA, House of Hoops, and Eastbay/, which owns the rights to Final-Score. Woolworth Company (“Woolworth's”), as many of its freestanding stores were Kinney Shoes and Woolworth's locations. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in 28 countries.Īlthough 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.
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