Foot Locker Traces Its Origins

Foot Locker Incorporated (ticker symbol: FL) is a U.S. based company that operates worldwide. Their services include the sale of various athletic equipment, sports apparel and products. According to their company background, as of the beginning of 2009 Foot Locker operates roughly 3,600 retail stores in 21 countries worldwide (“About Us"). Although Foot Locker provides their goods through both local retail stores and an online based “direct-to- customers” program, my risk management tactics will primarily focus on local retailers and warehouses and their risks. The five risks I have chosen are employee theft within the local branches and

In 1858, R.H. Macy founded R.H. Macy and Co. in New York City. From a dry goods store, he expanded his store occupy a total of 11 buildings which all offered different categories of merchandise. Here, R.H. Macy created what we now know as the department store (The History). Macy’s Inc. has grown and currently operates over 700 department stores under its various names (About Us). JC Penny Co. Inc. was founded in 1902 by James Cash Penny. JC Penny Co. Inc. was alike Macy’s Inc., however, they offered a catalog to better compete against department store like Montgomery Ward and Co. They currently operate around 1,100 stores worldwide (The Editors). The traditional department store format that Macy’s Inc. and JC Penny Co Inc. utilize has become

HISTORY : In 1902, James Cash Penney, in partnership with two other associates, opened the Golden Rule Store in Kemmerer, Wyoming. At the time it was uncommon to charge the same price to each and every customer; however, Penney preached the slogan "one price charged to all," regardless of customers' social status. After buying out his partners (in 1907), Mr. Penney opened two more stores. At present, J.C. Penney has more then 1400 department stores in the United States, Puerto Rico and Mexico, making it one of the largest retailers in the world.

T. Eaton Co. Limited, or more commonly known as Eaton’s, was founded in Toronto in 1869, by Timothy Eaton . It was one of the most successful department store retailers in Canada during the late 1800s to mid 1900s. Timothy Eaton’s success can be attributed to his strategy of appealing to the upper working class with disposable income and lower middle class as this reached a larger consumer base. Moreover, his introduction of the mail-order catalogue, his determination and detailed attention to the company’s accounting and finances, the increased urbanization and living standards, along with many more factors, led to Eaton’s success. Despite Eaton’s downfall in the 1970s, and finally bankruptcy in 1999 , it is undeniable that Eaton made some innovative changes to the retail landscape that differentiated itself, and are still present to this day. Firstly, all goods were sold at fixed cash prices, such that there would be no bartering, or price negotiations; so goods could not be purchased on credit. The introduction of the money-back guarantee was effective in gaining the loyalty of its customers: “Goods Satisfactory or Money Refunded” .

The history behind J.C. Penney’s spans for over a hundred years. James Cash Penny started the company in Wyoming, in 1907 he bought out his other 2 partners and over the next 6 years opened many stores throughout the mountain west. In 1913 he incorporated the business, moved to New York for better access to suppliers. By 1915 he had opened up 83 stores. He survived during the great depression because of the use of materials and leadership practices, higher quality for lower price. They grew to 1496 stores by 1936 and sales reaching $1 billion in sales by its 50th anniversary. Around 1961 is when they started incorporating themselves into shopping centers and strip malls.

Footlocker is a popular store for all athletic needs. The commercials has four cast members two producers and two star basketball players. James harden is in the booth wearing the clothing strictly sold by foot locker. As Harden begins to lay a part of the song, Championship winner Stephen Curry enters and tells Harden that singing is a bad idea and isn't for him. Knowing that James Harden doesn't have the voice Stephen Curry suggest that the third person whom is a producers to play the song back. James Harden states that it is good he makes a song because he recently had the best season of his career and that he needs to keep things fresh. Stephen Curry tells Harden that footlocker is all he needs to keep it fresh. After playing back the

The topic of my essay was shoes, shoe culture and its relevance in my life which in my opinion was a solid topic to present on because it is a material object that has really shaped me & my life. It was very appropriate topic as it all related in one way or another. The effectiveness of the speech in my opinion was minimal but I also don’t believe that my topic was one that could be made very compelling because that was not the mood I was going for. I didn’t want to instill any one specific emotion in the audience, I even tried to employ comic relief when I discussed my object.

Based upon the critical issues stated in the case, Wyatt wondered if LFL should consider bringing a Lobo shoe to market in partnership with Reebok. Was there retail potential in a signature product built around an emerging professional women’s player such as Rebecca Lobo? Did it make sense financially?

          According to Wiki Invest, in 2006, Foot Locker’s company-wide operating margin dropped; so the company decided to close numerous stores in order to improve profitability. The company developed a strategy to open new stores, relocate existing stores, and close down the weak stores. The strategy continued throughout 2007 and 2008. However, Foot Locker experienced another decrease in 2008, generating only $5.24 billion in total revenue, which was a 3.7% decrease from their 2007 sales. Struggles continued in 2009 as retail revenue dropped to $4.85 billion, however, its net income increased compared to the $-80 million the previous year. Finally, Foot Locker experienced a strong third quarter due to a combination of strong

Rowland Hussy Macy opened the first Macy’s on October 28 1858 on 204 & 206 Sixth Ave in New york, New York. In his store he specialized in selling Dry Goods but he also sold items like shawls, gloves, hosiery, and embroidery items like lace. Macy’s first day sales were only $11.06 however, “ On December 1, 1859, Macy’s first year’s sales total was $90,000, with an existing store inventory valued at $34,000. Significantly, Macy reported that advertising costs amounted to $2,800 a figure that was approximately 3 percent of total sales” (Grippo). This was a huge deal because most companies only spent about 1 percent of their total sales on advertising and did not make as much money especially in their first year of business. Macy’s also was the first store to have catalogs with all the items his store offered listed. In addition Rowland Macy developed the “odd pricing” strategy where, “ Almost all items were listed at one to three cents below the dollar, implying savings to the customer” (Grippo). This method pricing is now used to today by store worldwide. Since he used these clever techniques Macy’s stores attracted bargain shoppers and since no one can pass up a great deal his store became very successful.

American retailer Kohl’s has become a prevalent fixture for the purchase of discounted clothing and home goods in the mid-west for over twenty-five years. The history of the company however has roots much more modest than present day market dominance would suggest. Dating back to a Wisconsin supermarket in 1946, founder Max Kohl grew his small business to the most successful chain of supermarkets in the Milwaukee area (12). By 1962 Kohl opened his first department store in Brookfield, Wisconsin where an eclectic selection of merchandise, from sporting goods, motor oil and candy, was sold (11). In 1972, the Kohl’s Company which by then consisted of 50 grocery stores, six department stores, three drug

JC Penney had to undergo and withstand several competitive issues to include changing of brand image, selling strategy and marketing strategy. JC Penney also had to account for Environmental Factors to include: a population that continued to age and also unemployment rates. JC Penney tried to influence customers by portraying an everlasting sale. No matter how hard JC Penney tried to market their products, if people didn’t

Old Navy’s history goes right where The Gap, Inc. was founded by Donald.G in 1969. Fisher, who founded his own clothing store out of frustration, when he couldn’t find a pair of jeans that would perfectly fit him. And since that time, The Gap’s retail clothing brand has been one of the most successful in United States history. Before Donald Fisher launched the first Gap store in San Francisco, he had been a prosperous real estate developer. It is fair to say, that Fisher’s first store was an immediate sensation. Young adults from the neighbouring San Francisco have flown to the stores to get low-priced jeans. And in just a few short years, the first Gap store became a huge retail chain composed of 200 stores, in over 20 states, and valued at an estimated $100 million dollars. By the late 1970s, GAP was growing at a rate of almost 80 new stores each year and generating about $300 million annually, which worth mentioning is a lot of money that days. In 1983, Millard Drexler was put in a position of a president of the company and was expected to lead the company into another decade of phenomenal growth. Dexter was a former president of another

When the first Woolworths supermarket open, the Founding CEO Percy Christmas has stated that a key principle for Woolworths were “Every man, woman and child needs a handy place where good things are cheap” which has been insisting by all the Woolworths employees and suppliers until now. Now Woolworths has more than 3,000 stores in Australia and New Zealand that span food, liquor, petrol and general merchandise. (Woolworths Limited, 2015).

The movie The Field of Lost Shoes, purely based off of the Battle of New Market, is both accurate and inaccurate when displaying soldiers’ lifestyle and their experiences that occurred during the Civil War. The movie is inaccurate in a way that is portrays soldiers having to leave their jobs, when they really did have jobs they had to leave. The movie is accurate in most scenes. Its accuracy proves to be correct in the scenes that women had to step in as nurses and help the wounded, soldiers leaving their loved ones, the horrible conditions that the soldiers had to fight through, and when groups of stable soldiers went to the field’s aftermath to rescue wounded soldiers and their loved ones. Overall, the movie is consistently accurate all the way through to show how the Civil War impacted the American lifestyle.