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Foot Locker Inc. is ringing in a major milestone.
The New York-based athletic retailer, whose roots date back to F.W. Woolworth, will commemorate its 100-year anniversary of being a publicly traded company when CEO Ken Hicks rings the closing bell at the New York Stock Exchange today.
"There is no doubt that Frank Woolworth, a retail visionary, would be proud that his business and his beliefs continue to thrive,” Hicks said in a written statement. “Today, we have 38,000 employees working in 3,360 retail locations in 23 countries around the world. I am pleased to note that despite the macroeconomic challenges that we are all facing, our business is on a strong trajectory and we are positioned for continued growth.”
Foot Locker is the first retailer to achieve this milestone since the founding of the NYSE in 1817.