Fin 534 Financial Research Report

Chris Williams

Financial Management 534

Strayer University

Dr. Samuel Onipede

Company Overview

The Company that I will conduct a financial research report is Footlocker Incorporated. I choose Footlocker Inc., because I am an assistant manager with the company, and have experience dealing with Footlocker’s stock, 401k retirement plan’s and choose the company to conduct financial research on because it would give me a broader insight on how the company that I am employed by conducts certain types of business structure, as well as how the company operates on a larger scale, how the company is traded and how the structure of Footlocker is organized. Since the inception of the company in technical terms Footlocker Inc., was originally established in 1879 as the Great 5 cent store in Utica, New York by Frank Woolworth. ("Funding universe-footlocker, inc., company,”) In 1974 the Kinney shoe division of the Woolworth Corporation opened its first two Footlocker stores. In 1999 Woolworths Inc., changes its name to the Venator Group and in 2001, the company closes its Northern Reflections chain and then renames itself Footlocker Inc. ("Funding universe-footlocker, inc., company,”) Footlocker Inc.,. Is head-quartered in New York, New York. Footlocker and operates on the New York Stock Exchange (NYSE) and the ticker symbol is FL. Footlocker operates 3,426 athletic retail stores throughout North America, Europe, Asia and Australia. (“About us-footlocker”) In terms of dealing with types of business lines, Footlocker Inc. operates a total of eight retail chains an online catalog as well as a physical catalog. The retail chains are Footlocker, Lady Footlocker, Kids Footlocker, Footaction, Champs Sports, Run, House of Hoops and CCS. The online business to consumer chain is Footlocker.com and Eastbay.com. The physical catalog chain is called Eastbay. Each banner line markets to a specific type of consumer that has specific types of athletic apparel needs as well as markets...