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Essay / Finish Line and Foot Locker - 1182
• Company Descriptiono Finish Line, Inc. is the second largest leading athletic company in the United States. The company was founded in 1976 and now operates more than 600 stores in 48 states. Finish Line is the franchise company of Athlete's Foot in Indianapolis, Indiana. By 1981, the company grew beyond the 10 franchises it owned. Athlete's Foot franchise rights were to operate franchises within Indiana's borders, so the owners decided to start their own company and named it The Finish Line. Before the company listed on NASDAQ under the symbol FINL, its annual gross was nearly $100 million. The company has significantly expanded its product selections and lines (a typical store features between 600 and 1,300 types of athletic shoes) and is well known for its famous "shoe wall." Currently, approximately 15% of all sales come from apparel and accessories.o Foot locker, Inc. is an American athletic apparel and footwear retailer that operates in approximately 20 countries around the world. Foot Locker, formerly known as Venator Group, Inc., is the successor company to FW Woolworth Company. Foot Locker operates a series of athletic shoe outlets such as Kids Foot Locker, Lady Foot Locker, Champs Sports, Foot Action USA, Eastbay and footLocker.com. Foot Locker trades on the New York Stock Exchange under the symbol FL and, according to the SEC, had 3,921 stores in shopping centers worldwide. Between 1963 and the 1980s, the company diversified its portfolio of specialty stores. F. W. Woolworth Company purchased Kinney Shoe Corporation and operated it as a subsidiary; Kinney then branched out into specialty shoe stores, including Styles, Susie Casuals and Foot Locker. The company's aggressive strategy was so a particular...... middle of paper ......ion, November 2, 20015. ^ Scardino, Emily. Foot Locker Acquires Footaction Stores to Accelerate Growth, DSN Retailing Today, May 3, 20046. ^ SchoolPAX7 website. ^ Foot Locker School RewardsSOURCE Foot Locker, Inc. http://www.footlocker-inc.comhttp://finance.yahoo.com/q?s=FINL « Finish Line, Exec Cohen Plans to Retire on next year. » November 29, 2011. Boston Globe.com http://www.boston.com/business/articles/2011/11/29/finish_line_exec_cohen_plans_to_retire_next_year/New Release: Foot Locker, INC. announces a new strategic plan.http://www. footlocker-inc.com/investors.cfm?page=2010-strategic-plan-announcementhttp://www.prnewswire.com/news-releases/foot-locker-inc-announces-new-strategic-plan-87114592.htmlWeilheimer, Daniel. “Q&A: Ken Hicks of Foot Locker,” March 15, 2010 http://www.wwd.com/footwear-news/business/qa-foot-lockers-ken-hicks-2545842?full=true