Foot Locker, the New York-based specialty athletic retailer, reported on March 1st its financial results for fourth quarter and full year ended January 28, 2012. For the fiscal year, the Company reported net income of $278 million, or $1.80 per share. Last year, the net income was $169 million.
Comparable-store sales increased 9.8 percent in 2011, and the company total sales increased 11.4 percent to $5,623 million.
The Company opened 70 new stores, remodeled or relocated 182 stores, and closed 127 stores during fiscal year 2011. At January 28, the Company operated 3,369 stores in 23 countries in North America, Europe, and Oceania.
The stock is in global upward trend with the 20-days moving average in support. 50 and 100-days moving averages are strongly upward and no breathlessness signs are visible. The short-term resistance of 29.75 USD could be break in the next few sessions and the objective will be fixed in the 33 USD area.
The solid results and the technical patterns made Foot Locker a good investing idea with a 10% objective. A stop loss will be fixed under the 20-days moving average at 27.6 USD.
Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates through three segments: North America, Europe, Middle East, and Africa (EMEA), and Asia Pacific. The Company's portfolio of brands includes Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. It uses its omni-channel capabilities to bridge the digital world and physical stores, including order-in-store, buy online and pickup-in-store, and buy online and ship-from-store, as well as e-commerce. It operates websites and mobile apps aligned with the brand names of its store banners. The Company operates approximately 2,523 stores in 26 countries across North America, Europe, Australia, New Zealand, and Asia, and a franchised store presence in the Middle East and Asia. The Kids Foot Locker offers athletic footwear, apparel, and accessories for children. Champs Sports is a primarily mall-based specialty athletic footwear and apparel retailer. atmos is a digitally led, brand featuring sneakers and apparel.
FOOT LOCKER, INC. 
