UPDATE 2-JD Sports to invest $260 mln in U.S. to maintain momentum [Reuters]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Reuters
JD Sports to invest $260 million in U.S. to maintain momentum | Reuters 4 Min Read (Reuters) - Britain’s JD Sports ( JD.L ) promised on Tuesday to back up its purchase of U.S. chain Finish Line by investing 200 million pounds ($260.7 million) over the next five years after overseas growth helped fuel a 19 percent rise in first-half earnings. The company, now Britain’s biggest sportswear retailer with about 1,500 outlets in 16 countries, could bring forward plans for a continental European warehouse due to Brexit, Chief Financial Officer Brian Small said. Revenue rose 35 percent in the half year to Aug. 4 at the chain, which has benefited from the global trend toward “athleisure” - or wearing sportswear while not playing sport. It said second half sales looked to be continuing in the same vein. “Against a backdrop of widely reported retail challenges in the UK, it is extremely reassuring that the profitability in the UK and Ireland Sports Fascias has been further enhanced,” the compa
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News
- Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence [MSNBC.com]MSNBC.com
- Inside Foot Locker's ‘Store of the Future' Model Guiding the Chain's New Retail Identity [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPT [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPTPR Newswire
- Why JD Sports' Hibbett Acquisition Could Present Fresh Challenges for Foot Locker [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website