Foot Locker’s second-quarter profits rise 30%
25/08/2015
Sales rose 3% to in its second quarter sales to $1.7 billion while profit rose 30% to was $119 million.
“We extended the momentum with which we started 2015, generating outstanding quarterly sales and profits in the second quarter,” said CEO Richard Johnson. “We continued to achieve strength across geographies, channels and categories.”
During the second quarter, the company opened 21 new stores, remodelled or relocated 65 stores, and closed 21 stores. As of August 1, the company operated 3,419 stores in 23 countries. In addition, 48 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.
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