Executive Summary

On March 28, 2019, Foot Locker hosted its investor day. The company focused on its customer-connected strategic framework, strategic initiatives, international expansion plan, Power Store portfolio optimization and five-year financial outlook. 

During the event, Foot Locker: 

• Updated its purpose — “to inspire and empower youth culture.” 
• Outlined its customer-connected strategic framework spanning collections, content, community, connectivity and convenience.
• Said it is investing in physical and digital experiences with the goal of elevating the customer experience.
• Outlined plans to continue to expand into Asia.
• Provided its five-year outlook — it aims to grow sales at a compound annual growth rate in the mid-single digits, and it is targeting sales per gross square foot of $525-575.