Foot Locker: business continues to grow
For its third quarter ending on November 1, Foot Locker recorded sales up 6.7% at 1.731 billion US dollars. On a comparable basis, the increase was 6.9%.
During the period, the American sporting goods and lifestyle distribution group saw its net profit rise to 120 million dollars as compared with 104 million in the same period during the previous year.
In its first nine months, Foot Locker saw its net profit reach 375 million dollars as compared with 309 million in the same period in 2013. The group's sales rose over the period to 5.25 billion dollars, up 11.2% (+7.1% on a comparable basis).
Foot Locker has 3,474 stores in 23 countries, including 602 in Europe.
On December 1, Kenneth Hicks will leave his position as CEO and will be replaced by COO Richard Johnson.
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