Is Footlocker close to monopoly?
December 16th 2015
By: Jaelynn Williams
Will Foot Locker Monopoly?
Teens, children and adults go to the multi-billion dollar company, Footlocker, to purchase the most popular shoes. Foot Locker has multiple brands that give them profit. They receive double profiting by obtaining money from more than one company that can cause monopoly to other companies.
Foot locker's company sponsors some other companies. Such as, Lady Foot locker, Kids Foot Locker, Champs sports, and Eastbay. These companies are most likely going to pay them to show them on their internet site. Foot locker doesn’t just sponsor companies, it sponsors shoes too. Such as, LeBron James, Kyrie Irving, Kobes, Jordan's, KD’s etc. These shoe owners are more than likely are going to pay Footlocker to display their shoes for purchase to give them their own double profit. This is possibly the reason why on February 1st 2014 they made 1,220 million dollars in merchandise. Then on top of that they made 429 million dollars in net income, plus the 81 million dollars in sales.
As for me, I go to Foot Locker a lot. Usually to see the most popular shoe on the market. When I go online to purchase a shoe or a socks, there is an ad on the side or when you scroll down. These ads get Footlocker paid. Then there is an expansion in the Foot locker company. They have Lady Foot locker and Kids Foot locker. Those sites have ads as well. Is this a smooth route to monopoly? Foot locker’s massive net income of 950 million takes Champs sports out of the question with the net income of 520 million. Realistically, teens, adults, and children don’t care if Foot locker is beating Champs or if Champs is beating Dicks sports and goods. Even though the nation wide company, Foot locker maybe down the road of monopoly if Foot locker doesn’t sponsor Champs anymore.
In conclusion, Foot locker is a massive nation wide company that continues to influence people to be interested in buying their shoes. They have been successful throughout their years as a company. Their companies large income that oversees everyone else's questions me to think are they headed to a monopoly pathway. Either way it goes, Foot locker will always be the bandwagon site that grabs all of the sneaker heads running to get the next hottest, most expensive shoe on the market.
Works cited:
"Community." Community. Web. 16 Dec. 2015.
"Foot Locker Shoots for $7.5 Billion in Sales." WSJ. Web. 16 Dec. 2015.
"Sneakers - Athletic Shoes | Foot Locker." Sneakers - Athletic Shoes | Foot Locker. Web. 16 Dec. 2015.
Web. 16 Dec. 2015.
Works Cited
"Community." Community. Web. 16 Dec. 2015.
"Foot Locker Shoots for $7.5 Billion in Sales." WSJ. Web. 16 Dec. 2015.
"Sneakers - Athletic Shoes | Foot Locker." Sneakers - Athletic Shoes | Foot Locker. Web. 16 Dec. 2015.
Web. 16 Dec. 2015.
Stephen Curry
Stephen Curry is a NBA basketball player who sells his shoes in Footlocker. Foot locker is sponsored by NBA. The NBA and Under Armor pays Stephen Curry for his shoes and his performance
Picture Received by~ Footwearnews.com