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News Breaks | | | | November 13, 2012 | | 07:35 EDT |  | FL | Foot Locker recommended ahead of Q3 results at UBS
UBS maintains its above consensus Q3 EPS estimate of 55c for Foot Locker due to core basketball category strengths, market share gains, and new product launches. The firm sees several drivers that will support ongoing growth that include new unit growth, the NFL shop partnership with Nike, re-imaging of Champs/Foot Locker stores, and the new women's premium concept. Shares are Buy rated with a $38 price target. | |
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News For FL From The Last 14 Days Check below for free stories on FL the last two weeks. |
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| May 21, 2013 | | 07:51 EDT | | FL | UBS expects another Q1 top line beat for Foot Locker
 Subscribe for More Information | | | May 20, 2013 | | 08:49 EDT | | FL | Foot Locker aggressively taking market share, says Sterne Agee
Subscribe for More Information | | | May 15, 2013 | | 06:55 EDT | | FL | Foot Locker recommended ahead of Q1 report at Canaccord
Subscribe for More Information | | | 05:56 EDT |  | FL | J.C. Penney board supporting new CEO, not Ackman, NY Post reports
Bill Ackman has lost influence over J.C. Penney's (JCP) board after failing to quickly replace the company's new CEO Mike Ullman, New York Post reports, citing sources. Ackman approached a number of candidates about the position, including Foot Locker (FL) CEO Ken Hicks, but the board was not interested, the paper adds. Reference Link | | | May 14, 2013 | | 08:06 EDT |  | FL | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | May 8, 2013 | | 11:11 EDT |  | FL | Foot Locker signs definitive agreement to acquire Runners Point Group
Foot Locker announced that it has signed a definitive agreement to acquire Runners Point Warenhandelsges, a specialty athletic store and online retailer based in Recklinghausen, Germany, for total cash consideration of 72M euros (approximately $94M). RPG is currently majority owned by the private equity firm HANNOVER Finanz. The company's CEO, Otto Hurler, and CFO, Harald Wittig own the balance of the company. Both Hurler and Wittig, along with other members of senior management, will remain with the company post-acquisition. The transaction is subject to review by merger control authorities in Germany. | | | 07:44 EDT | | FL | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | |
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