logo foot locker store tower city center cleveland ohio formerly called woolworth corporation 1988 1997 venator group 1997 2001 type public traded as nyse fl ; euronext footl industry clothing predecessor f. w. woolworth company founded september 12 1974 ; 42 years ago 1974 09 12 as foot locker city of industry california u.s. 1988 1988 as woolworth corporation new york city new york u.s. founder f. w. woolworth headquarters 112 west 34th street new york city new york united states number of locations 3 546 stores area served worldwide key people ken hicks president & ceo dick johnson chairman jake jacobs president & ceo usa brands foot locker kids foot locker lady foot locker footaction six 02 runner s point sidestep champs sports eastbay revenue us 7.151 billion 1 fy 2014 operating income us 809 000 000 1 fy 2014 net income us 520 000 000 1 fy 2014 total assets us 3 577 000 000 2 fy 2014 total equity us 2 496 000 000 2 fy 2014 number of employees 44 110 website www.footlocker.com foot locker retail inc. is an american sportswear and footwear retailer with its headquarters in midtown manhattan new york city 3 and operating in approximately 20 countries worldwide . although established in 1974 and founded as a separate company in 1988 foot locker is a successor corporation to the f. w. woolworth company woolworth s as many of its freestanding stores were former woolworth s locations . 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 footlocker.com which owns the rights to final score . the company is also famous for its employees uniforms at its flagship foot locker chain resembling those of referees . according to the company s filings with the sec as of january 28 2006 foot locker inc. had 3 921 primarily mall based stores in the united states canada europe including the united kingdom and asia . contents 1 history 2 ccs 3 stores 4 references 5 external links history edit in 1963 the f.w. woolworth company purchased the kinney shoe corporation and operated it as a subsidiary . in the 1960s kinney branched into specialty shoe stores including stylco in 1967 susie casuals in 1968 and foot locker on september 12 1974 in puente hills mall in city of industry california . 4 woolworth also diversified its portfolio of specialty stores in the 1980s including afterthoughts northern reflections rx place and champs sports . by 1989 the company was pursuing an aggressive strategy of multiple specialty store formats targeted at enclosed shopping malls . the idea was that if a particular concept failed at a given mall the company could quickly replace it with a different concept . 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 . in 1988 the f.w. woolworth company incorporated a separate company called the woolworth corporation in the state of new york . the woolworth corporation was responsible for the operations of the foot locker stores among the other specialty chains operated by woolworth s. one of its first moves was the acquisition of champs sports and to rename itself the woolworth athletic group . during the 1980s and 1990s the f.w. 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 . 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 . after 1997 wal mart replaced woolworth in the dow jones average . 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. sales while traditional shoe retailer kinney was in decline . venator announced the shuttering of the remaining kinney shoe and footquarters stores on september 16 1998 . on february 12 1999 a federal jury in austin awarded 341 000 thursday 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 . 5 a foot locker branch in bradford west yorkshire foot locker in hillcrest mall foot locker southside wandsworth london as the foot locker brand had become the woolworth venator company s top performing line on november 2 2001 venator changed its name to foot locker inc. 6 on november 19 2004 foot locker announced that its quarterly profit rose 19 percent helped by stronger sales . 7 in 2004 foot locker acquired the footaction usa brand and approximately 350 stores from footstar for 350 million . 8 on april 14 2004 foot locker inc. announced that it agreed to buy about 350 footaction stores from bankrupt footstar inc. for 160 million to expand in urban areas . 9 on january 10 2005 the company announced that nick grayston was promoted to president and chief executive officer of its foot locker u.s. division succeeding tim finn who retired from the company . 10 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 keytag or school code . in 2011 foot locker joined dosomething.org for the foot locker scholar athletes program which honors high school athletes for demonstrating academic excellences as well as flexing their hearts on their sports team and in their communities . on june 26 2012 foot locker celebrated the 100th anniversary of the first stock offering made by its predecessor the f. w. woolworth company on the new york stock exchange by ringing the closing bell for the trading day . in 2013 the company acquired the german retailer runners point group . 13 foot locker has steadily risen in fortune 500 rank from 446 in 2011 14 to 435 in 2012 15 413 in 2013 16 and 400 in 2014 . 17 foot locker has recorded a record turnover of 7.151 billion dollars at the end of the fiscal year . 18 ccs edit foot locker formerly owned ccs a retailer of shoes clothing and equipment for skateboarding and snowboarding . 19 as of january 2014 ccs sponsored 16 professional skateboarders nyjah huston lizard king shane o neill torey pudwill rick howard david gonz lez arto saari theotis beasley mark appleyard ryan sheckler brian anderson silas baxter neal sierra fellers corey duffel brandon westgate cairo foster stores edit americas united states 1 171 canada 132 asia and middle east south korea 20 saudi arabia 10 united arab emirates 7 kuwait 6 turkey 3 bahrain 2 lebanon 1 europe italy 174 france 125 germany 81 united kingdom 72 spain 56 netherlands 39 belgium 21 portugal 14 austria 8 czech republic 8 ireland 8 denmark 6 poland 5 sweden 5 switzerland 5 greece 4 luxembourg 2 hungary 1 references edit a b c foot locker fl annual sec income statement filing via wikinvest a b foot locker fl annual sec balance sheet filing via wikinvest foot locker inc. foot locker . retrieved on january 22 2010 . the evolution of foot locker stores over 40 years . sole collector . foot locker loses race bias suit ; african american says he was given . venator group inc. announces name change to foot locker inc. retail operations and construction november 2 2001 foot locker profit up . scardino emily . foot locker acquires footaction stores to step up growth dsn retailing today may 3 2004 foot locker to buy about 350 stores . foot locker inc. announces divisional management changes . school pax escola de neg cios . school pax escola de neg cios . foot locker school rewards 4 traders . foot locker inc. completes acquisition of runners point group . 4 traders . retrieved 2013 08 12 . brett krasnove 9 may 2014 . fortune 500 fortune . fortune . brett krasnove 9 may 2014 . fortune 500 fortune . fortune . brett krasnove 21 may 2014 . fortune 500 fortune . fortune . brett krasnove 2 june 2014 . foot locker inc. . fortune . gonzalez rodriguez angela march 9 2015 . foot locker a foot ahead market expectations . fashionunited . retrieved june 11 2015 . ccs.com . external links edit wikimedia commons has media related to foot locker . official website history of kinney shoes v t e foot locker company f. w. woolworth company champs sports eastbay foot locker kinney shoes woolco other divisions & namesakes buildings woolworth building st. louis office shadow lawn watertown store wilmington store winfield hall winfield house other buildings culture love at the five and dime seafoam salad woolworth v. contemporary arts events foot locker cross country civil rights greensboro sit ins ezell blair jr. franklin mccain joseph mcneil david richmond international civil rights center and museum february one clarence harris lexington store nashville sit ins family f. w. woolworth barbara hutton poor little rich girl lance reventlow married to cheryl holdridge and jill st. john new york city portal companies portal retrieved from https en.wikipedia.org w index.php title foot locker & oldid 744110176 categories foot lockersporting goods retailers of the united statesathletic shoe brandsclothing retailers of the united statesskateboarding companiescompanies based in new york cityamerican companies established in 1974retail companies established in 1974f . w. woolworth companycompanies listed on the new york stock exchangehidden categories pages using infobox company with unsupported parameterscommons category with page title same as 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