Finish Line and Foot Locker

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• Company Description o Finish Line, Inc. is the second largest leader athletic based company in the United States. The company was founded in 1976 and now operates over 600 stores in 48 states. Finish Line is the franchise company of the Athlete’s Foot in Indianapolis, Indiana. By 1981, the company expanded beyond the 10 franchises they owned. The Athlete’s Foot franchising rights were to operate franchises within the borders of Indiana, so the owners decided to start their own company and named it The Finish Line. Prior to the company being traded on the NASDAQ under the ticker symbol FINL, its annual gross was nearly $100 million. The company has significantly expanded selections and product lines—a typical store will show 600 to 1300 kinds of athletic footwear—and is well known for its famous “shoe wall.” Currently, about 15% of all sales come from apparel and accessories. o Foot locker, Inc. is an American sportswear and footwear retailer that operates in about 20 countries worldwide. Foot Locker, once formerly known as Venator Group, Inc., is the successor corporation to the F.W. Woolworth Company. Foot Locker operates a series of athletic footwear retail outlets such as Kids Foot Locker, Lady Foot Locker, Champs Sports, Foot Action USA, Eastbay, and footLocker.com. Foot Locker is traded on the NYSE under the ticker symbol FL and according to the SEC had 3,921 mall-based stores worldwide. Between 1963 and the 1980s the corporation diversified its portfolio of specialty shops. F.W. Woolworth Company purchased Kinney Shoe Corporation and operated it as a subsidiary; Kinney later branched into specialty shoe stores, including Styles, Susie Casuals, and Foot Locker. The company’s aggressive strategy was if a particul... ... middle of paper ... ...ion, November 2, 2001 5. ^ Scardino, Emily. Foot Locker acquires Footaction Stores to step up growth, DSN Retailing Today, May 3, 2004 6. ^ SchoolPAX website 7. ^ Foot Locker School Rewards SOURCE Foot Locker, Inc. http://www.footlocker-inc.com http://finance.yahoo.com/q?s=FINL “Finish line Exec Cohen plans to retire next year.” Nov. 29th, 2011. Boston Globe.com http://www.boston.com/business/articles/2011/11/29/finish_line_exec_cohen_plans_to_retire_next_year/ New Release: Foot Locker, INC. Announces New Strategic Plan. http://www.footlocker-inc.com/investors.cfm?page=2010-strategic-plan-announcement http://www.prnewswire.com/news-releases/foot-locker-inc-announces-new-strategic-plan-87114592.html Weilheimer, Neil. “Q&A: Foot Locker's Ken Hicks” March 15th, 2010 http://www.wwd.com/footwear-news/business/qa-foot-lockers-ken-hicks-2545842?full=true

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