What and who is Foot Locker, Inc.
Core Values and Visions Foot Locker’s vision is “to be the leading global retailer of athletically inspired shoes and apparel.” In order to achieve this vision, the company focuses on seven core values. The seven core values that the company follows are integrity, leadership, service, teamwork, excellence, innovation, and community (Annual Report, 2013). The action of integrity requires one to act honestly, ethically and honorably with customers and employees. Leadership, is to respect, inspire, and to become empowered. Service, is to satisfy the customers every time the shop online or in stores. Teamwork, is there to collaborate, trust, support, and commit to their jobs. Innovation, is to encourage employees initiate and foster new ideas. Excellence, is to strive to be the best in everything the company will do in the future. Lastly, the role of the value community is to act responsibly for their customers, associates, investor, and community (Foot Locker, Inc.).
Current Management
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Richard A. Johnson is the new president and Chief Executive Officer (CEO) of the company since December 1, 2014, after Ken Kicks stepped down. Johnson has been with the company for over two decades and has played a crucial role in developing and executing successful strategic plans along with Kicks (Bloomberg Businessweek). Along with the CEO, the chief executive officer Lauren B. Peters play a major role when it comes to handle money. Along with other member they have made Foot Locker what it is today, a successful and stable
Lastly, leading to accomplish goals is something everyone strives for. Leading by example is also important, I felt like if I did not work alongside my people, I could not expect them to work. Showing my associates how to work together and address any issues immediately is important to leading my team and accomplish the ultimate goal.
West Coast Fashions, Inc has decided to sell one of their segments, Mercury Athletic in the context of a broader reorganization. The head of the business development for Active Gear, Inc(AGI), John Liedtke, views this event as a good
sale of Nike’s high-margin products to high-end customers. Regardless of the low cost of the World Shoes, they
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:
New Balance was founded by William J. Riley in 1906 in the city of Boston. Riley started by making arch supports for customers who had to spend all day on their feet. Over time the building of arch supports led to the creation of his first running shoe in 1925. As part of a local running club, Riley capitalized on an opportunity to improve running shoes of the time and his designs became widely popular. His new running shoes became so popular that by the 1940’s that production spread from running to many other sports. Then the expansion of the manufacturing significantly increased as he realized a need to running shoes with more selection for wider feet, and
Sportsman Shoes has been a leader in the shoe industry for more than thirty years. Sportsman manufactures and sells athletic shoes for all types of sports. The company has pursued a low-cost strategy in order to sustain their success. They sell a limited number of shoe designs and have held costs low through manufacturing efficiency and standardized operations. However, the past five years have been a struggle at Sportsman. The shoe market has seen a rise in the availability of low-cost imported shoes that has threatened Sportsman’s competitive position. As a result, company executives have decided it is time for a strategy shift.
3. Send confirmations to all accounts over $X. Select a random sample of all remaining accounts for confirmation.
This paper will discuss the company Nike. Nike has had many ethical issues, which will be addressed. The ethical dilemmas that Nike faced will be evaluated under two ethical frameworks. The whistleblower part that was played in exposing Nike will be analyzed. This paper will evaluate whether Nike used marketing or public relations successfully when trying to repair the damage caused by the reported lapse in ethics.
The athletic shoe industry is made up of companies that produce footwear for athletic use. This is a strong industry and has been around for over 100 years. The athletic shoe industry is one of the fastest growing footwear industries and have top growing sales compared to other footwear industries (NDP Group, 2016). The key players that currently dominate the market are Nike, Adidas, and Puma (Kates & Bolduc, 2013). This paper will use the porter five forces, industry life cycle, and the key players to understand the industry. Over these years the athletic shoe industry has grown into a competitive market.
Johnson’s Shoe Emporium & Repair Shop (“Johnson’s”) is a high-end retail shoe store for men. The store will sell dressy and casual shoes, ankle boots and other accessories for men. The purpose of Johnson’s is to sell non-athletic shoes of the highest quality so that
As a leading company in footwear industry, Nike believes they have the responsibility to conduct their business in an ethical way and also expects the same of its business partners. Moreover, Nike focuses on working with long-term, strategic suppliers that demonstrate a commitment a safe working conditions to their employees (Nike, Inc., 2014).
Nike has seldom manufactured products own premises, except their air bladders. The shoes are manufactured through outsourcing and alliances with other companies. A successful company like Nike formed its organization on the customer values that have the MOST impact on the consumers mind – Design/R&D, Marketing and Distribution. Even though manufacturing is a vital function to perform, Nike realized that there were other ways to go about this function and thereby save both cost and maintain its focus on the critical customer value areas.
Since 2006, when the TOMS Shoes was founded, their ‘one for one’ business model has been widely embraced or criticized by different companies and the consumers. While, Blake Mycoskie, the founder of TOMS Company, was on trip to Argentina in 2006, he witnessed the extreme poverty and poor health conditions. After countersigning children walking barefoot, it dramatically heightened Blake’s awareness. Consequently, after witnessing those events, Mycoskie came up with a simple and innovating plan to create a for-profit business with a philanthropic component. Consequently, Blake created TOMS company with a unique principal and business model referred to ‘One for One’. TOMS ‘One for One’ is a unique business model, where for every pair of shoes purchased TOMS donates a pair of shoes to children in need in developing or underdeveloped countries. The company’s name ‘TOMS’ generated from the word ‘TOMORROW’, which was the original concept of the company, ‘shoes for tomorrow’.
According to Yukl (Yukl, 2013) one of the many definitions of leadership is “the ability of an individual to influence, motivate, and enable other to contribute toward the effectiveness and success of the organization”. Therefore it is of importance to have an effective leader in an organization to guide the company in the correct direction, in order to achieve the company’s’ main goal.
Mythology to society is just ancient past, but essentially it’s not. It’s thriving and very alive. Take a trip to your local mall and check the footwear department of any sporting store and there you’ll find the goddess. The name Nike characterizes the goddess who exemplified victory on the battlefield. In retrospect, if persons were asked the name Nike, Greek mythology is least expected to arise. The name Nike is now renowned as the most iconic brands around the globe. Though, not many people know the story it all began selling shoes from the trunk of a car. The crazy idea that emanated from Phil Knight that grew to become the global phenomenon today. This study will give insight into the creation, growth, and evolution of Nike.