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Foot Locker - Statistics & Facts

Foot Locker is an American retailer of athletic footwear and sportswear. It is a multinational company, which was founded in 1974. Foot Locker has around 3,000 stores in operation worldwide and it is headquartered in New York City, United States. Foot Locker operates globally under its own brand, as well as other brands and store types, which include Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point and Sidestep. Unlike other top footwear and apparel companies, which deal in both manufacturing and supply of athletic products, Foot Locker mainly focuses on retail.

Not only is Foot Locker one of the leading athletic footwear and apparel retailers in the United States but also worldwide. In 2020, Foot Locker had net sales of about seven and a half billion U.S. dollars and its gross profit margin amounted to more than two billion U.S. dollars. Foot Locker has two main business segments: Direct-to-Customers, which grew substantially in the previous year, and Stores. Athletic stores, or retail store sales, led the way in terms of net sales, amounting to over 5.4 billion U.S. dollars worldwide in 2020.

As of 2021, Foot Locker was a global enterprise with a workforce of about 50,000 employees, split between full-time and part-time workers. The company has had a strong financial record in previous fiscal years, however, there was a drop of over 300 million U.S. dollars in the company's net income in 2017 compared to the previous year. This was in part as a result of the Tax Cuts and Jobs Act which led to many companies, including Foot Locker, recognizing significant tax expenses in 2017. The company also saw a significant drop in income in 2020, likely due to the effects of the coronavirus (COVID-19) pandemic.

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