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Stock Market & Financial Investment News

News Breaks
March 8, 2013
07:02 EDTFLFoot Locker reports Q4 adjusted EPS 73c, consensus 73c
Reports Q4 revenue $1.71B, consensus $1.69B. Reports Q4 SSS up 7.9%.
News For FL From The Last 14 Days
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May 21, 2013
07:51 EDTFLUBS expects another Q1 top line beat for Foot Locker
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May 20, 2013
08:49 EDTFLFoot Locker aggressively taking market share, says Sterne Agee
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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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