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The global fashion business journal

15 Sep 201916:08

Foot Locker drops 8% benefit despite increasing 1% sales in H1

The American apparel and sportswear company closed the first half of its fiscal year with a net benefit of 232 million dollars, the equivalent of a 8.3% drop, compared to the previous year.

23 Aug 2019 — 17:14
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Foot Locker drops 8% benefit despite increasing 1% sales in H1

 

 

Foot Locker loses profitability. The American apparel and sportswear company closed the first half of its fiscal year with a drop of 8.3% in its net benefit, compared to the previous year. The group arrived at the first half of its fiscal year with a net benefit of 232 million dollars.

 

The company improved its sales during the first half, with an increase of 1%, up to 2.8 billion dollars. In the second quarter, Foot Locker closed 71 stores and opened 24, for a total of 3,174 establishments.  

 

United States continues to be the market where the company has a strongest presence, with 880 stores, followed by Europe, with 634 stores. Foot Locker has 107 establishments in Canada, 91 in the Pacific and 10 in Asia.

 

On the other hand, the group counts with the chains Kids Foot Locker, with 430 stores, Champs Sports with 535 and Footaction with another 252 establishments. 

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