Foot Locker CEO Ken Hicks is retiring and will be succeeded by Richard Johnson, the sneaker chain's COO. Hicks, 61, who joined the chain in 2009 from J.C. Penney, plans to step down on Dec. 1 and will continue as executive chairman through the annual shareholder meeting in May, the New York-based company said in a statement. Since arriving at Foot Locker, Hicks has revamped store layouts and merchandising, while closing weaker locations. Hicks also added more running footwear just as the category took off.
Consumers don't "go" shopping anymore — they're shopping all the time. The barriers between channels are breaking down, and retail is in the midst of reinvention. That's the "relentless reality" that JDA Software CEO Hamish Brewer summarized in his introduction of the afternoon keynote at Retail's BIG Show on Sunday. Brewer suggested that the next 10 years will bring more change than the last 50 combined. How can retailers evolve? Foot Locker CEO Ken Hicks focused on identifying opportunities for forward-thinking retailers to succeed in the years ahead. Here's what retail CEOs like Hicks are thinking about in 2014:
NEW YORK — Foot Locker's first-quarter profit rose 36%, exceeding Wall Street predictions. For the quarter ended April 28, the company earned $128 million, up from $94 million in the same quarter last year. "2012 has gotten off to an outstanding start, with our first quarter results representing the highest level of quarterly earnings in the company's history," said chairman and CEO Ken Hicks. Sales rose 8.7% to $1.58 billion from $1.45 billion. Same-store sales increased 9.7%. Foot Locker opened 25 new stores and closed 34 others during the quarter, bringing its store base to 3,360 in 23 countries
New York City -- In a conference call to investors on Tuesday, Foot Locker announced an updated strategic plan and financial initiatives intended to elevate the retailer’s performance for the 2012 to 2016 period. According to chairman and CEO Ken Hicks,...
Foot Locker Inc. said it swung to a third-quarter profit of $52 million, or 33 cents a share, from a net loss of $6 million, or 4 cents a share, in the same quarter last year.