Fri, Dec 26, 2014, 9:05 AM EST - U.S. Markets open in 25 mins.

Recent

% | $
Quotes you view appear here for quick access.

Foot Locker, Inc. Message Board

  • zecelvira zecelvira Aug 3, 2014 9:29 PM Flag

    FL still in the running for Lorna Jane

    I see it's coming down to FL and Under Armour. FL needs the acquisition badly to boost its Lady FL and SIX:02 stores and reinvigorate them. Looks like owners want to retain equity stake and want to be active in spokesperson roles. That is good as FL needs a face for the new chain. I have read on various blogs Lorna Janes comes across as arrogant with a preachy story line and also lousy returned goods policy. If they are open to change these aspects then I think this could really be the catalyst needed for their expansion under FL banner. Not sure if Lorna Jane and her husband have big egos or are high maintainance, but if their attitude is right then I think it could be a match made in heaven! Go FL and go Ken Hicks!!!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Advent International now out of the running on Lorna Jane as after-hours report today confirms they are buying big stake on Lululemon and putting 2 of their people on Lulu Board of Directors. So that leaves Under Armour and FL. Under Armour has 1/4 FL's profit but 2x their market cap. Still their cash position only $300mm whereas FL has $1 billion in cash. Looks like FL will be the new owner of Lorna Jane. FL can offer to switch their Lady and SiX:02 formatted stores to Lorna Jane and triple or quadruple Lorna's current number of retail outlets. FL desperately needs a sales catalyst for its Lady business and Lorna Jane would give them that, hopefully the acquisition will be accretive and hopefully Lorna jane will be able to taylor her message to US female audiences. For its part, FL can manage the business better than Lorna Jane has been able to do, and Ken Hicks is a pretty good salesman for how, together, the deal can be a win-win for both sides

      Sentiment: Buy

 
FL
55.31Dec 24 1:05 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Gilead Sciences Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Spectrum Pharmaceuticals, Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST