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Foot Locker (FL) operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and CCS.
As of January 28, 2012, it operated 3,369 stores in 23 countries in North America, Europe, Australia, and New Zealand. The Direct-to-Customers segment includes CCS and Footlocker.com, Inc. that sell athletic footwear, apparel, equipment, team licensed products, and private-label merchandise through catalogs, mobile devices, and Internet Websites.
The company also provides franchise licenses to open and operate its Foot Locker stores in the Middle East and the Republic of Korea. It operated 34 franchised stores.
Shares have found support at $31-$31.50 level. This morning, the firm reported earnings that beat the estimates and guided higher for the upcoming holiday season. The report caused shares to pop higher. Higher prices are expected for this stock.
52-Week Range: $21.03 - $37.65
Last Price: $33.55
Stop Loss: $31.90
Target Price: $37.00
The positon was closed at $33.60
