Foot Locker 2013 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2013 Foot Locker annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

• The women’s business is a huge opportunity for us. We are making a major
investment to build a new brand, SIX:02, from the ground up. Meanwhile,
we have undertaken a major transformation of the Lady Foot Locker
business. Our overall strategy is to focus on the athletically active,
performance-oriented woman in her 20s and 30s, meeting both her
apparel and footwear needs.
• We are developing new ways to connect our channels and build a true
omni-channel business that meets the customer’s desire to shop in an
endless variety of ways.
With these strengths upon which to build, and our large number of opportu-
nities spread over the planning horizon, we believe the future looks bright for
Foot Locker, Inc.
The success we have achieved in the last few years is due almost entirely to our industry
leading retail team.
In 2013, we developed a global strategy designed to strengthen our team even further. We are
focused on attracting, developing, and retaining the best people within the retail industry, as well
as on rolling out robust new technologies to improve our store hiring and scheduling processes.
We are proud to have an organization that continues to be in the top 10 percent of companies
globally in terms of the overall level of employee engagement and effectiveness of leadership.
The strength of our team starts, of course, with the thousands of associates in our stores who do such
an excellent job engaging with and servicing our customers. But they get tremendous help from everyone
on the team, from our Executive Committee that sets the tone and the strategy, to the buyers who pick the
best product, to the merchandisers who make sure it gets sent to the right store in the right quantity and size
at the right time, to the website engineers who ensure great digital content and functionality, to the marketing
teams who help create the energy around the product, to the warehouse associates who make sure it is shipped
efciently ---- every one of them provides the teamwork necessary to produce the streak of record nancial results
we continued in 2013.
THE REAL BACKBONE GIVING
US STRENGTH: OUR PEOPLE
LONG-TERM OPPORTUNITIES
15
NET INCOME MARGIN
3.4%
5.0%
6.2%
6.6%
2009 2010 2011 2012 2013
1.8%