Because of the ongoing exclusive negotiations between the parties during Foot Locker, Inc.'s first fiscal quarter, the Company did not repurchase any shares during the period, but plans to reinitiate the program in the second quarter.
Foot Locker, Inc. is a specialty athletic retailer that as of
February 2, 2013
operated 3,335 stores in 23 countries in
, and New Zealand. Through its Foot Locker, Footaction,
Lady Foot Locker
, Kids Foot Locker, and Champs Sports retail stores, as well as its direct-to-customer channel Footlocker.com/Eastbay/CCS, the Company is a leading provider of athletic footwear and apparel.
Finanz is a German-based private equity firm established in 1979 which manages funds of approximately
650 million euros
. Backed by institutional investors and thus independent of major corporations or banks,
Finanz has almost 35 years of investment management experience. The basis of its long-term investments in small- to mid-cap enterprises in the German-speaking area is constituted by nine active funds that run for an unlimited time period. Its commitments range from old-economy industries to start-up technologies. The principal focus is on funding growth and corporate succession in sound, medium-sized businesses with annual sales of
20 million euros
and above. Find more information at
Disclosure Regarding Forward-Looking Statements
This report contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, dividend payments, stock repurchases, growth of the Company's business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company's filings with the Securities and Exchange Commission, including the effects of currency fluctuations, customer demand, fashion trends, competitive market forces, uncertainties related to the effect of competitive products and pricing, customer acceptance of the Company's merchandise mix and retail locations, the Company's reliance on a few key vendors for a majority of its merchandise purchases (including a significant portion from one key vendor), pandemics and similar major health concerns, unseasonable weather, further deterioration of global financial markets, economic conditions worldwide, further deterioration of business and economic conditions, any changes in business, political and economic conditions due to the threat of future terrorist activities in the United States or in other parts of the world and related U.S. military action overseas, the ability of the Company to execute its business and strategic plans effectively with regard to each of its business units, and risks associated with foreign global sourcing, including political instability, changes in import regulations, and disruptions to transportation services and distribution. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.