Foot Locker - M&A Summary and Business Overview

RetailCompany

Foot Locker M&A Summary

Foot Locker has acquired 7 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets.

Foot Locker’s largest acquisition to date was in 2021, when it acquired Eurostar for $750M. Foot Locker has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include retail (84%) and e-commerce (17%).

Foot Locker Business Overview

Where is Foot Locker headquartered?

Foot Locker is headquartered in New York, New York.

What is Foot Locker’s revenue?

Foot Locker disclosed revenue of 8,958M USD for 2022 and 7,548M USD for 2021.

How many employees does Foot Locker have?

Foot Locker has 16,555 employees.

What sector is Foot Locker in?

Foot Locker is a retail company.

When was Foot Locker founded?

Foot Locker was founded in 1879.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Foot Locker

Foot Locker, Inc.

330 West 34th Street,
New York, New York 10001
United States,
(212) 720-3700
www.footlocker-inc.com

Foot Locker is a specialty athletic retailer that operates approximately 3,500 stores in 23 countries in North America, Europe, Australia, and New Zealand. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, Champs Sports, SIX:02, Runners Point, and Sidestep retail stores, as well as its direct-to-customer channel, including footlocker.com, Eastbay, CCS.com, SIX:02.com, runnerspoint.com, and sidestep-shoes.com, the Company is a leading provider of athletic footwear and apparel. Foot Locker was incorporated in 1879 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 2 - - - 6
vol $343M $1.1B $1.5B
Sell (0.2/yr) # 1 - - 1 - - 2
  8

Most Recent M&A

Company Date Value Type
Eastbay.com, Inc. 2022-06-27 - Divestiture
Wausau, Wisconsin · www.eastbayteamsales.com
Eurostar, Inc. 2021-08-02 750M USD Add-on Acquisition
Gardena, California · www.shopwss.com
Text Trading Company Co., Ltd. 2021-08-02 360M USD Add-on Acquisition
Tokyo, Japan · www.atmos-tokyo.com
CCS Direct LLC 2014-11-01 - Divestiture
New York, New York
Runners Point Warenhandelsgesellschaft mbH 2013-05-08 81M EUR Add-on Acquisition
Recklinghausen, Germany · www.runnerspoint.de
CCS Direct LLC 2008-09-29 102M USD Divestiture
New York, New York
Footaction 2004-04-13 160M USD Special Situations/Distressed
, United States
Eastbay.com, Inc. 1997-01-01 - Add-on Acquisition
Wausau, Wisconsin · www.eastbayteamsales.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 5 (83%) 1.5B (100%) 1 (50%) -
E-Commerce 1 (17%) - 1 (50%) -
Total 6 $1.5B 2 -

By Geo

State/Country Buy Value Sell Value
United States 4 1.0B 2 -
  Wisconsin 1 - 1 -
  New York 1 102M 1 -
  California 1 750M - -
Germany 1 81M - -
Japan 1 360M - -
Domestic 4 (67%) 1.0B (70%) 2 (100%) -
Cross-border 2 (33%) 441M (30%) - -
Total 6 $1.5B 2 -

Top M&A Advisors

Financial Deals
Evercore Group
 2
BofA Securities
 1
Barclays Investment Bank
 1
Legal Deals
DLA Piper
 1
Skadden, Arps, Slate, Meagher & Flom
 1

Deal Values

buy # Total
$100M to $1B 4 $1.4B
< $100M 1 $81M
TOTAL $1.5B
Largest Eurostar, Inc.
$750M (2021-08-02)

M&A Connections

Deals
Acquired from
Investor(s)
33%
2 (33%)
Strategic(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Retail

Revenue

8,958   19% 2022
7,548   6% 2021
8,005   1% 2020
7,939   3% 2019
7,782   1% 2018
7,766   5% 2017
7,412   4% 2016
7,151   10% 2015
6,505   6% 2014
6,182   2013
(millions of USD) Show More Show Less

Employees

16,555

Established

1879

Public

NYSE: FL

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