×
1 119
Fashion Jobs
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
Published
Nov 20, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Foot Locker battles through supply chain disruption to 4% sales rise

Published
Nov 20, 2021

New York-based sports and footwear retailer Foot Locker, Inc. has reported net sales of $2.19 billion for the third quarter ended October 30, 2021, a result that reflects growth of 3.9% compared to $2.11 billion in the prior-year period, achieved despite supply chain issues.


Foot Locker's net sales totaled$2.19 billionin Q3 - Instagram: @footlocker

 
In constant currencies, sales rose 3.6% in the period, while comparable-store sales rose 2.2%. Compared to the third quarter of 2019, before Foot Locker felt the impact of the Covid-19 crisis, Q3 2021 sales rose 13.3% from $1.93 billion.
 
Net income in the company’s latest third quarter totaled $158 million, or $1.52 per share, compared to income of $265 million, or $2.52 per share, in the prior-year period. In Q3 2019, Foot Locker’s income was $125 million, or $1.16 per share.

“The third quarter was another period of strong performance for our Company that reflects the powerful connectivity we have built with our customers," said Footlocker chairman and CEO Richard Johnson in a release. “These impressive top and bottom-line results were against a robust back-to-school season from last year and in spite of the ongoing supply chain challenges.”
 
Johnson also highlighted that, over the course of the third quarter, the company completed its acquisitions of WSS and Atmos, which join the Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction and Sidestep brands in the group’s portfolio.
 
Year to date, the company’s sales were $6.62 billion, up 23.5% from $5.36 billion in the first nine-months of 2020, and 14.4% from $5.78 billion in the same period in 2019. In constant currencies, year-over-year growth was 21.7%, while comparable-store sales increased 21.3%.
 
Net income for the nine-month period totaled $790 million, or $7.54 per share, compared with $200 million, or $1.91 per share, in 2020, and $357 million, or $3.23 per share, in the same period two years ago.
 
Looking forward, Foot Locker EVP and CFO Andrew Page suggested that the company is well-placed to deal with the challenges posed by ongoing disruptions.  
 
“We expect global supply chain constraints to persist throughout the fourth quarter,” he explained. “That said, we believe we are positioned for the holiday season, with positive momentum and inventory levels ready to meet customer demand.”
 
As of October 30, 2021, Foot Locker operated 2,956 stores in 27 countries spread over North America, Europe, Asia, Australia and New Zealand. The company also has 136 franchise locations to its name in the Middle East.

Copyright © 2022 FashionNetwork.com All rights reserved.