Foot Locker, Inc. Invests Nearly $54 Million Towards Educational and Economic Opportunities in the Black Community
Foot Locker, Inc. Invests Nearly $54 Million Towards
Educational and Economic Opportunities in the
Black Community
NEW YORK, PRNewswire -- Foot Locker, Inc. (NYSE: FL), the New Yorkbased specialty athletic retailer, commemorated the start of National Black Business Month with the release of its second annual progress report detailing its efforts to equip and empower
the Black community globally.
Launched in June 2020, the Leading Education & Economic Development (LEED) Initiative is the Company’s $200 million commitment to the Black community. Through FY21 year-end, the Company has funded nearly $54 million in investments and partnerships geared towards economic and educational opportunities in the Black community. This includes expanding programming to uplift Black students and employees and operationalizing the Company’s approach to elevating and working with Black vendors, community non-profits, creators, and professional service partners.
“Our commitment to the Black community goes beyond words and is part of how we do business,” said Richard Johnson, Chairman
and CEO, Foot Locker, Inc. “Through strategic investments, community partnerships, and opportunities that empower, we are
taking actionable steps to drive meaningful and lasting change both within our organization and in the communities we serve.”
Since June 2020, the Company made an impact in the following areas: Empowering Black entrepreneurs and designers and investing in Black-led venture capital firms.
More than $17 million invested in Blackowned brands, as we diversify our assortment mix and offer consumers more options. In
the two years since we announced LEED, we have invited and empowered Black-owned brands including Pro Standard, Don C,
Abeille Creations, Grady Baby Company & Apparel, and Clan de Banlieue, among others to join the Foot Locker, Inc. ecosystem. From hyperlocal brands designing curated drops in our community stores to emerging brands in the global market across North America, EMEA, and Asia Pacific, we continue to seek out and celebrate Black brands and creators.
$21 million committed to seven Blackled VC firms. Funding to Black-owned startups and businesses is disproportionally small.
For additional information, please visit footlocker-inc.com.
Educational and Economic Opportunities in the
Black Community
the Black community globally.
and CEO, Foot Locker, Inc. “Through strategic investments, community partnerships, and opportunities that empower, we are
taking actionable steps to drive meaningful and lasting change both within our organization and in the communities we serve.”
More than $17 million invested in Blackowned brands, as we diversify our assortment mix and offer consumers more options. In
the two years since we announced LEED, we have invited and empowered Black-owned brands including Pro Standard, Don C,
Abeille Creations, Grady Baby Company & Apparel, and Clan de Banlieue, among others to join the Foot Locker, Inc. ecosystem. From hyperlocal brands designing curated drops in our community stores to emerging brands in the global market across North America, EMEA, and Asia Pacific, we continue to seek out and celebrate Black brands and creators.
For additional information, please visit footlocker-inc.com.
Latest Stories
- CHRISTMAS IN THE WARDS GEAR UP FOR MAJOR BACK-TO-SCHOOL GIVEAWAY TO SUPPORT WEST SIDE CHICAGO FAMILIES
- Leyden Township Property Values Published
- CCDPH Celebrates Student Interns from Suburban Cook County
- Program Prepares Students For Overhead Electrical Line Work
- Local College Football Player Hosts Youth Football Camp
Latest Podcast
STARR Community Services International, Inc.
