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Stock Market & Financial Investment News

News Breaks
January 4, 2013
09:27 EDTFLFoot Locker weakness a buying opportunity, says Sterne Agee
Sterne Agee's checks indicate Foot Locker (FL) ended the holiday season strongly and notes that basketball sales were also strong compared to Finish Line (FINL) who acknowledged they missed in that area.
News For FL From The Last 14 Days
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May 15, 2013
06:55 EDTFLFoot Locker recommended ahead of Q1 report at Canaccord
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05:56 EDTFLJ.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 EDTFLBofA/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 EDTFLFoot 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 EDTFLBofA/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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