Foot Locker has updated on its strategic plan for the period 2012 to 2016. In 2010, the retailer outlined a five-year plan to achieve sales of $6bn (£3.84bn) and $400 (£256) sales per gross square foot, up from $360 (£230) that year. Foot Locker has set out new financial objectives and by 2016 intends to achieve sales of $7.5bn (£4.8bn), sales per gross square foot of $500 (£320), EBIT margin of 11%, net income margin of 7% and return on invested capital of 14%.

Foot Locker’s strategic priorities are customer focus to drive performance in its core athletics banners, make its stores and internet sites relevant places to shop and deliver growth in high-potential business categories.

Topics