Foot Locker has its roots in the 1963 purchase of the Kinney Shoe Corporation by F.L. Woolworth Company. Under Woolworth’s direction, Kinney branched out into specialty stores Stylco in 1967, Susie Casuals in 1968, and Foot Locker in 1974.
Foot Locker was the most successful of the ventures and by the 1990’s Foot Locker was responsible for 70% of Kinney Shoe Corp’s sales.
The Woolworth Corporation, parent company of Kinney Shoe Corp., changed its name to Venator Group in 1998. The same year Venator Group announced the closing of all Kinney Shoe Corp stores except the high-performing Foot Locker stores.
In 2001 Venator Group changed its name to Foot Locker, Inc., reflecting the company’s top performing brand.
Today Foot Locker operates 3,335 stores under the names Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS in the United States, Canada, Europe, Australia, and New Zealand. The company also franchises stores in the Middle East and the Republic of Korea. Foot Locker has 44,000 employees worldwide and had $5.62 billion in revenue in 2012.