Foot Locker Appoints Mary Dillon To Succeed Richard Johnson As President And CEO

RTTNews | 1109天前
Foot Locker Appoints Mary Dillon To Succeed Richard Johnson As President And CEO

(RTTNews) - Specialty athletic retailer Foot Locker, Inc. (FL) announced Friday that, as part of a planned succession process, Richard Johnson will retire as President and Chief Executive Officer, effective September 1, 2022.

Mary Dillon, former Executive Chair and CEO of Ulta Beauty, Inc., has been appointed President and CEO and a member of the Foot Locker Board, also effective September 1, 2022.

Johnson will continue as Executive Chairman of the Board through January 31, 2023, and will step down from the Board at that time, subsequently remaining with the Company as a Senior Advisor to the CEO until early April 2023 to facilitate a smooth transition.

The Company's Board has determined that the Chair and CEO roles will be separated, also effective September 1, 2022, and the Company's Lead Independent Director, Dona Young, will become non-Executive Chair, effective February 1, 2023.

Dillon, with over 35 years of experience leading consumer-driven businesses, previously served as President, CEO and a member of the Board of Directors of U.S. Cellular, the Global Chief Marketing Officer of McDonald's Corp., and held leadership roles at PepsiCo. Meanwhile, Johnson leaves after a distinguished three-decade long career at Foot Locker, including having served as the Company's CEO since 2014 following two years as Chief Operating Officer and holding multiple other divisional leadership roles.

read more
Foot Locker Q4 Profit Down, Warns On FY23; To Close Hong Kong Operations

Foot Locker Q4 Profit Down, Warns On FY23; To Close Hong Kong Operations

Foot Locker, Inc. reported Monday sharply lower profit in its fourth quarter with slight drop in net sales, even as comparable sales increased. Further, the specialty athletic retailer announced dividend, and issued fiscal 2023 forecast, well below last year. However, over the long term, the company projects growth. Foot Locker further announced that it is transforming its business model in Asia.
RTTNews | 896天前
Foot Locker, Buckle Report Q2 Net Profit Declines

Foot Locker, Buckle Report Q2 Net Profit Declines

Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.
RTTNews | 1109天前
U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

U.S. Dollar Falls Amid Rising Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the late Asian session on Monday, due to growing speculation that the U.S. Federal Reserve (Fed) may lower interest rates at its September meeting.
RTTNews | 17分鐘前
UK House Price Growth Softens In August

UK House Price Growth Softens In August

UK house prices logged a slower pace of growth in August due to stretched affordability, the Nationwide Building Society said Monday. House prices increased 2.1 percent on a yearly basis in August, slower than the 2.4 percent rise seen in July. On a monthly basis, house prices edged down 0.1 percent, in contrast to the 0.5 percent increase in the previous month.
RTTNews | 43分鐘前