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Foot Locker, a US retailer, reports sales of $ 2.1 billion in the first quarter of 2009.

Foot Locker Inc, a U.S.-based athletic retailer, saw sales in the first quarter, which ended May 1, 2021, up 83.1% from $ 1.1 billion in the year-ago quarter 21. It reports that it has reached $ 100 million. Accounting. The company’s net profit surged to $ 202 million in the quarter (Q1 2008: loss of $ 110 million).

“We are very pleased with the strength of our performance in the first quarter compared to the first quarter of 2019, as well as the first quarter, which was heavily influenced by Covid last year. Congestion, our top-line and bottom-line results were nothing more than exemplary, “Foot Locker Chairman and CEO Richard Johnson said in a press release.

Cost of sales was $ 1.4 billion ($ 905 million) in the first quarter of 2009, while selling, general and administrative expenses were $ 418 million ($ 316 million). The company’s operating profit surged to $ 282 million (operating loss: $ 105 million).

According to the company, 12 new stores were opened, 15 stores were renewed or relocated, and 58 stores were closed during the quarter. As of May 1, 2021, the company operates 2,952 stores in 27 countries: North America, Europe, Asia, Australia and New Zealand. In addition, 131 franchise foot locker stores were open in the Middle East.

Andrew Page, Executive Vice President and Chief Financial Officer of Foot Locker, said: .. “At the same time, we continued to exercise cost management discipline while investing strategically in our business. Importantly, the soundness underlying our business and financial position is strong and strategic initiatives. It can be promoted continuously. “

Fiber2Fashion News Desk (JL)

Foot Locker Inc, a U.S.-based athletic retailer, saw sales in the first quarter, which ended May 1, 2021, up 83.1% from $ 1.1 billion in the year-ago quarter 21. It reports that it has reached $ 100 million. Accounting. The company’s net profit surged to $ 202 million in the quarter (Q1 2008: loss of $ 110 million).



Foot Locker, a US retailer, reports sales of $ 2.1 billion in the first quarter of 2009.

Source link Foot Locker, a US retailer, reports sales of $ 2.1 billion in the first quarter of 2009.

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