Foot Locker, a name synonymous with athletic footwear and apparel, was launched in 1974 by Philip Knight and William Bowerman, the same duo behind Nike. Initially, Foot Locker was a division of the Blue Ribbon Sports company, which later evolved into Nike. The first standalone Foot Locker store opened in 1974, offering a diverse range of athletic shoes and accessories, a concept that was quite innovative at the time.

Foot Locker’s Current Net Worth (2025)

As of 2025, Foot Locker’s current net worth is estimated to be around $12 billion. This figure reflects the company’s strong financial performance and growth in the retail industry.

Career

Foot Locker, founded in 1974, has had a successful career in the retail industry, specializing in athletic footwear and apparel. The company has grown from a single store to over 3,000 locations worldwide, employing approximately 40,000 people. Foot Locker has consistently ranked as one of the top athletic footwear retailers, collaborating with leading sports brands like Nike, Adidas, and Jordan.

Other Ventures

In addition to its retail stores, Foot Locker has expanded into various other ventures. These include the Foot Locker Academy, a program that provides educational resources and mentorship opportunities for young athletes, and the company’s e-commerce platform, which allows customers to shop online and offers exclusive products.

Assets

Foot Locker’s assets include its extensive retail store network, which spans across North America, Europe, Asia, and the Middle East. The company also holds intellectual property rights to its own brands, such as FUBU, Lady Foot Locker, and Kids Foot Locker. Additionally, Foot Locker’s strong relationships with major sports brands and athletes contribute to its valuable asset portfolio.

Annual Income

Foot Locker’s annual income has seen steady growth over the years. In 2020, the company’s total revenue was $7.5 billion, with a net income of $558 million. Despite the challenges posed by the COVID-19 pandemic, Foot Locker’s digital sales and strong brand recognition helped maintain its financial stability.

Frequently Asked Questions about  Foot Locker

Frequently Asked Questions: Foot Locker Net Worth

1. What is Foot Locker’s net worth?

Foot Locker’s net worth is estimated to be around $10 billion.

2. When was Foot Locker founded?

Foot Locker was founded in 1872 as a family shoe store in New York City.

3. Who is the current CEO of Foot Locker?

The current CEO of Foot Locker is Richard Johnson.

4. How many stores does Foot Locker operate?

Foot Locker operates over 3,000 stores across 28 countries.

5. What are some of the brands owned by Foot Locker?

Foot Locker owns several brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, and Eastbay.

6. What is the stock symbol for Foot Locker?

The stock symbol for Foot Locker is FL on the New York Stock Exchange.

7. How does Foot Locker compare to other sportswear retailers in terms of net worth?

Foot Locker’s net worth is comparable to other major sportswear retailers like Nike and Adidas, although Nike’s net worth is significantly higher.

8. What is Foot Locker’s annual revenue?

Foot Locker’s annual revenue is around $8 billion.

9. How many employees does Foot Locker have?

Foot Locker employs over 40,000 people worldwide.

10. What is the mission statement of Foot Locker?

Foot Locker’s mission statement is “To be the leading global retailer of athletic footwear and apparel.”