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Foot Locker Investor Day 2019: Investing in Youth Culture Through Physical and Digital Experiences; 200 Power Stores by 2023

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Coresight Research

Key Points

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.
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