Foot Locker Net, Sales Gain Slightly
Despite some challenging market conditions in the U.S. and currency headwinds in international, Foot Locker net income improved 4% to $172 million from $165 million on a 3% gain in sales to $2,078 million against $2,025 million with a 4.6% comp against a 2.8% decline last year for the first quarter ended May 4.
Net income increased 27% in the first quarter ended May 5 to $27,420,000 from $21,509,000 on 25% higher sales of $343,295,000 up from $274,707,000 that included a $54.9 million contribution from City Gear and 3% growth from Hibbett stores.
Revelate Designs is recalling about 1,250 Terrapin System 14L bicycle seat bags because the straps that fasten the bag to the bike seat can detach and get entangled in the rear wheel of the bike.
Dick’s Sporting Goods is recalling about 10,000 Ethos Pull-Up Assist bands because the plastic clip on the nylon web band that is attached to the resistance band with a carabiner can break.