By  on July 31, 2007

ATLANTA — Foot Locker said it plans to strengthen its business operations with a number of initiatives that include a possible sale of the $5.75 billion specialty athletic retailer, closing about 250 U.S. stores this year, opening more stores in Europe and naming a new president for Foot Locker U.S.

The company said it had retained Lehman Brothers as an advisor to help evaluate strategic alternatives, including inquiries received from private equity firms.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus