Essay about Finish Line and Foot Locker

Just For Feet, Inc. (JFF) was started in 1977 by Harold Ruttenberg (Ruttenberg) in Birmingham, Alabama as a small mall-based store. In 1988, Harold opened his first “superstore” focusing on name-brand athletic and outdoor footwear and clothing. (Just For Feet, Inc.) JFF had its initial public offering in 1994 (U.S. Securities and Exchange Commission) and by 1999, JFF had grown to be the second largest athletic shoe retailer in the United States, with locations in 30 states and annual sales of approximately $775 million. (U.S. Department of Justice) Also, in 1997 and 1998, JFF acquired three smaller athletic footwear and apparel retail companies in increase its expansion strategy. (Just For Feet, Inc.) According to JFF’s 10-K filed with the SEC for the year ended January 30, 1999, these individuals held the following positions at JFF:

Foot Locker traces its origins back to the year 1879, after Frank Woolworth opened his first store, “Woolworth’s Great Five Cent Store” in Utica New York. He was a New York native who was the son of American Civil war captain, John Hubbell Woolworth and his wife, Fanny Mcbrier (“Biography of Frank Winfield Woolworth” 2005). The couple married in 1851 and one year later, Frank Winfield Woolworth was born. His childhood was filled with memories of hard work and scarcity. Mr. Woolworth would work long hours on his father 's farm and would barely have enough money to scrape buy. This became evident when he took a trip to Watertown, NY to buy a 50 cent scarf for his mother and was ridiculed by shopkeepers for trying to buy with change. The trip also allowed the young man to come across another store where he was able to buy a similar scarf for 5 cents and a wide variety of other cheap goods. On top of that, the staff were much more courteous as they provided a satisfying attitude for all customers, regardless of social background. Such quality service prompted Mr. Woolworth to open his first store in 1879 that would mirror such quality to the public. His business model worked as he was able to incorporate his company in 1904 to become the famed “F.W Woolworth Co.”. Almost 50 years later, the company would surpass the one billion dollar value mark.  After that, Woolworth and Co. would acquire the G.R Kinney Corporation in 1965, the corporation that started Footlocker nine years

Many people shop at malls and by having small businesses in the mall the people will buy stuff in the stores.

In 1976, two friends, Alan Cohen and David Klapper, partnered to run a franchise called Athlete 's Foot. Athlete 's Foot was a large athletic footwear business. By 1981, Cohen and Klapper 's vision had grown larger than what Athlete 's Foot was able to contain. Therefore, in 1981, Cohen and Klapper decided to open their own company as a spin off of Athlete 's Foot. They decided to call it Finish Line. At the time of Finish Line 's start up, Cohen and Klapper still maintained 10 Athlete 's Foot stores. After the first Finish Line stores were opened, Cohen and Klapper converted all previous Athlete 's Foot stores into Finish Line stores in 1986 when their franchises expired. As of 2002, Finish line was the second largest

I decided to join the Footlocker community on April 5, 2015 because I found interest in footwear and plus I get a discount on my shoes. The reason why Footlocker is successful company because it provides their customers with the latest athletic-inspired performance products. Footlocker offers a wide variety of activities including, basketball, running, and training. My group try to provide great customer service so they can continue to come back. Our goal is to lead global retailer of athletically inspired shoes and apparel. Footlocker Inc. is a powerhouse chain in sportswear and footwear retail that consists of seven stores: Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, House of Hoops, and Eastbay.

To give a bit more background detail, I would like to list both companies' operational strategies here. Operations strategy is the development of a long term plan for using the major resources of the firm for a high degree of compatibility between these resources & the firm's long term corporate strategy. On May 5, 2010 NIKE unveiled one of its strategies & key initiatives to achieve sustainable, long term growth across its global portfolio of brands & businesses. Their plan consists of a revenue target of 27

To conclude, we would argue that it is a right time to invest in Footlocker, as shown by the previous numbers and calculations in our investment thesis Footlocker promotes satisfying growth at a good price. There is growing demand for high end running and athletic FL is positioned to capitalize on this. Foot Locker has unique supplier relationships which allows them to benefit from many exclusive products which mean they are outpacing the competition. Footlocker is diversifying. Management has been able to successfully use this to increase popularity in other niche markets like Women’s Foot Locker, Kids Foot Locker, and Runners Point. As well as this, the brands have been expanding around the world. Foot Locker has a strong balance sheet has

Vans and Nike have a lot in common like, they both make shoes. Other than shoes they make shirts, shorts, jackets, hoodies, and socks. They make most of their shoes with different color combinations but some are just one solid color. Some of the shoes they both make are high top shoes and low top shoes they are both comfortable but one provides more ankle support.

Reeboks competitors include companies like Nike and Under Armour, which also offer shoes designed for crossfit programs and stylish children’s sweaters.

The company: Just For Feet, Inc., headquartered in Birmingham, Alabama, was a superstore retailer specializing in brand-name athletic and outdoor footwear and also carried a selection of sports related attire. Just For Feet, Inc., was incorporated in 1977 and was listed on the NASDAQ after its IPO in 1994. The management of the Company was very tightly controlled by founder and CEO Harold Ruttenberg, a South African by origin who shifted to USA in 1970s, and oversaw the rapid expansion of the shoe store chain since the first superstore was opened in 1988. It initially started with the concept of “Super Stores” and grew rapidly till the mid-1990s and then, through acquisitions, also entered the space of “Smaller Stores”

We live in a society, today, where everyone has different needs. There are different kinds of people everywhere; the full-time worker, the total family parent, and the people who work multiple jobs to pay the rent… For that reason, local health clubs vary with what they offer so that everyone has a place they can go to stay active and fit. Some examples of these varying gyms are LA fitness, Lifetime Fitness, and Cardinal Fitness. Each club has something different that they specialize in. As much as that is a good quality, some people have trouble choosing what the best gym is for them because they have to choose a quality each health club specializes in over all other clubs.

There are 450 stores in the around the world that were open. They were in bankrupt; the total amount of bankruptcy they were in was 20 million dollars. The company has 14,500 full- and part-time employees at its 450 stores and its offices, according to the bankruptcy filing. There were nearly two thirds of the employees were part-time. In 1991, as revenue rose to $240 million, the company enjoyed its first profitable year of operation, reporting an operating income of $3.3 million. The first year that Sports Authority opened its 100th store as it recorded another record-breaking performance sale increased to $838 million, up 38 percent from the previous year, and earnings rose to $16.9 million, a 33 percent jump. The main reason why Sports Authority went bankruptcy was because; they weren’t reaching the customers taste. They weren’t putting the stuff out that people actually wanted so customers would go shop at other stores.

Nikes mission statement is, “To bring inspiration and innovation to every athlete in the world.’’ “NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (our sports-inspired lifestyle products) and Golf. Basketball includes our Jordan Brand product offerings and Men’s Training includes our baseball and American football product offerings. We also market products designed for kids, as well as for other athletic and recreational uses such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities.” “In addition to the products we sell to our wholesale customers and directly to consumers through our DTC operations, we have also entered into license agreements that permit unaffiliated parties to manufacture and sell, using NIKE-owned trademarks, certain apparel, digital devices and applications and other equipment designed for sports activities.”

Sell - Nike operates more than 750 retail stores around the world across all our brands. Beyond selling products, each location strives to be a rewarding experience for its consumers and an asset to its community. The stores are in leased space. While NIKE and our Affiliate brands sell primarily through retail partners not owned by our company, our focus is on the impact of the selling we do in our own stores.

Nike and Adidas are both dominating brands in the world of athletic attire. They provide similar attire, both being extremely high quality and fairly reasonably priced. Both brands compete against each other to create the best style in clothing, sports gear, and shoes. Nike is currently dominating in the world of sports attire and gear, including soccer due to their deal with