Record year for Foot Locker

10/03/2015
Athletic shoe retailer Foot Locker saw sales rise 10% to $7.2 billion in 2014 , its fourth consecutive year of record earnings.

CEO Richard Johnson said: “Along with elevating the level of investments in our stores, digital capabilities, support facilities, and — most importantly — our people, our focus has enabled us to develop into a high-performance company that has reached record heights of financial and operational success.”

The company opened 86 new stores, remodelled or relocated 319 stores, and closed 136 stores during fiscal 2014. As of January 31, 2015, the company operated 3,423 stores in 23 countries. In addition, 51 franchised Foot Locker stores were operating in the Middle East and South Korea, as well as 27 franchised Runners Point and Sidestep stores in Germany and Switzerland.