The F. W. Woolworth Company or Woolworths, the business that wouldnt allow Blacks to eat at the lunch counter, changed its name to Foot Locker, Inc. October 20, 2001. In 1963, the F.W. Woolworth Company purchased the Kinney Shoe Corporation and operated it as a subsidiary. In the 1960s, Kinney branched into specialty shoe stores, including Stylco in 1967, Susie Casuals in 1968, and Foot Locker on Sept. 12, 1974. Woolworth also diversified its portfolio of specialty stores in the 1980s, including Afterthoughts, Northern Reflections, and Champs Sports. During the 1980s and 1990s, the F.W. Woolworth Company’s flagship department store chain fell into decline, ultimately culminating in the closure of the last stores operating under the name of Woolworth’s in the United States in 1997. Deciding to continue aggressive expansion into the athletic business in the following years, the company acquired Eastbay in 1997, which was the largest athletic catalog retailer in the United States. In 2004, Foot Locker acquired the Footaction USA brand. On February 12, 1999, A federal jury in Austin awarded $341,000 to a former Foot Locker shoe store manager who said the company systematically discriminated against its African American employees by offering more opportunities for promotions to white managers. Know Who You Are Spending Your Money With!
Posted on: Sun, 16 Mar 2014 14:01:17 +0000
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