This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Foot Locker To Celebrate 100-year Anniversary Of Listing On The New York Stock Exchange

Stocks in this article: FL

NEW YORK, June 26, 2012 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it will celebrate its 100-year anniversary as a publicly listed company on the New York Stock Exchange.  The Company, whose roots date back to the legendary retailer, F.W. Woolworth, will commemorate its centennial listing on the Exchange by having its CEO, Ken Hicks, ring the Closing Bell on Tuesday, June 26th.   Foot Locker is the first retailer and one of only 22 companies to achieve this milestone since the founding of the NYSE in 1817.

(Photo: )

A Tremendous Milestone  "Today marks a tremendous milestone for Foot Locker, our shareholders, employees and the communities that we serve.  While our Company has changed dramatically over the past century, the core values that Mr. Woolworth instilled in the company and its employees, to treat our customers with respect, provide them with quality merchandise at a fair price, and always act with honesty and integrity, are alive and well at Foot Locker today." 

An Illustrious Past, An Exciting Future Mr. Hicks added, "There is no doubt that Frank Woolworth, a retail visionary, would be proud that his business and his beliefs continue to thrive.  Today, we have 38,000 employees working in 3,360 retail locations in 23 countries around the world.  I am pleased to note that despite the macroeconomic challenges that we are all facing, our business is on a strong trajectory and we are positioned for continued growth. The credit goes to the talent of our team, the exciting brands and products we offer across our brand banners, and the multichannel experience we deliver.  An illustrious legacy like ours is a true responsibility, and we look forward to continuing to innovate and create value for our shareholders now and into the future."

A Legacy of Leadership in Retail Frank Winfield Woolworth opened the original "five-and-dime" store in 1879.  It was one of the first companies to allow customers to handle and select merchandise without a sales clerk. The pricing and experience proved a success. By 1912, there were nearly 600 Woolworth's stores around the United States and Canada.  That year, F.W Woolworth Co. had its initial public offering on the NYSE. The proceeds were used primarily to fund the construction of the historic Woolworth Building in New York, designed by the architect Cass Gilbert. It was the tallest building in the world until 1930 and remains one of the tallest skyscrapers in the City today. 

In 1963, F.W. Woolworth Company purchased the Kinney Shoe Corporation, which ultimately branched into specialty shoe stores, including Foot Locker in 1974. By Woolworth's 100th anniversary, it had become the largest department store chain in the world, according to the Guinness Book of World Records.  Over time, the Foot Locker brand expanded to include Lady Foot Locker and Kids Foot Locker.  The Company subsequently acquired Champs Sports in the late 1980s and Eastbay in 1997.  In the late 1990s, Woolworth closed its department store business in order to focus primarily on athletic goods. In 1997, it was renamed Venator and subsequently in 2001, the Company adopted the name of its global banner, Foot Locker. The core business has continued to grow and has added the Footaction USA and CCS banners as well.  The Company is today one of the largest specialty athletic retailers in the world. 

Photo: Photos of Foot Locker representatives ringing the Closing Bell will be available via Associated Press/ New York (212.621.1902), Reuters America (646.223.6285), Getty Images (646.613.4141), Bloomberg Photo (212.617.3420) and European Press Agency (917.670.1323).  The Closing Bell (starting at 3:55 p.m.) feed is available via Ascent loop #4009. Media seeking footage via The Switch should contact NYSE Broadcast at 212.656.5483.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs