Footlocker is on its feet for 14 years
The Foot Locker Foundation joined together with members of the athletic industry, as well as its business partners, onTuesday, October 21, atNew York City'sGotham Hall for the 14thannual "On Our Feet" fundraising gala. The event will benefit educational and other youth initiatives supported by the Foot Locker Foundation.
"The On Our Feet gala is a true celebration of the significant contributions we are making together, with our incredible partners, to enrich the lives of deserving students across the country," saidKen C. Hicks, chairman of the board, president and CEO of Foot Locker, Inc. "Through the Foundation's meaningful educational initiatives, including The Foot Locker Scholar Athletes Program and our long-standing scholarship program with UNCF, and our support of programs that encourage health and well-being through physical activity, we understand the tremendous potential of our young leaders and are committed to investing in their futures."
Executives from the sports industry, professional athletes, and celebrities joined footwear companies, including Nike, adidas, Converse, Skechers and Under Armour, to name a few, to lend their support to this important cause. Celebrity guests, including JR Smith (NY Knicks Guard),Derek Fisher(NY Knicks Head Coach),Darryl Strawberry(Baseball Legend), andKyra Sedgwick(Actress), were among those who attended the evening's festivities. All guests wore traditional black-tie attire while sporting their favorite pair of athletic shoes.
The Foot Locker Foundation, Inc. is the charitable arm ofFoot Locker, Inc., a specialty athletic retailer that operates approximately 3,500 stores in 23 countries inNorth America,Europe,AustraliaandNew Zealand. Over the years, Foot Locker, Inc. has developed significant partnerships and programs to improve and enrich the educational, health and sports opportunities for children across the country, and has awarded over 750 scholarships to outstanding students through all of its programs. On Our Feet has raised more than$15 millionto support our youth throughout the past 14 years.
Launched in 2011, the Foot Locker Scholar Athletes Program awards$20,000college scholarships to 20 exceptional students (totaling$400,000) each year, who demonstrate academic excellence and exemplify strong leadership skills both in sports and within their communities.
RadioShack holiday initiatives: price match and new payment options
Radio Shack is launching its new “R Promise” initiative to offer holiday shoppers services including price matching and new payment options. Radio Shack stores will match prices on identical products from local brick-and-mortar competitors, major online retailers (excluding wireless phones from online retailers) and RadioShack.com at the time of purchase or within 15 days of the purchase.
Also, if a local RadioShack is out of stock on a gift and it is in stock at another RadioShack location, associates ship it directly to the consumer for free. And two new monthly pay programs are now available. RadioShack has relaunched its RadioShack credit card, and the new SmartPay everyday leasing option lets customers get immediate approval to acquire electronic devices and pay for them over time with fixed payments.
SmartPay also offers 90 days same-as-cash and $0 upfront to qualified customers. SmartPay also offers online or mail-in payment options, instead of requiring consumers to visit the store multiple times to make payments.
"Our exclusive lineup of Christmas gifts, expanded assortment of private-label products and new industry-leading payment options make RadioShack the smart place to shop this season," Joe Magnacca, chief executive officer at RadioShack, said in a statement. "RadioShack's knowledgeable associates are ready to serve customers to ensure they find the perfect gift at the right price with our expanded price-match guarantee."
In related news, ApplePay is now available 900 RadioShack locations across Manhattan, Washington, D.C., Chicago, Los Angeles and San Francisco, with additional markets to follow in 2015.
Premium to drive pet category sales
Pet owners will spend more money on food for their critters in the next 3 years and the increased sales will post mainly in premium and healthy pet food segments, according to a recent study.
Sales are expected to rise 16% between 2015 and 2018 to reach $33 billion, projected Packaged Facts, the market research publisher in Pet Food in the U.S., 11th Edition. The anticipated increase in the market is driven by increased focus on pet health and the powerful role of the human-animal bond.
The pet food sales were estimated at $28 billion in 2013. The pet food category experienced much of its growth outside of the core mass market, particularly in channels like farm/feed, Internet, and pet specialty. Through the rest of 2014 sales are expected to remain relatively flat, though opportunities exist in the premium food sector as pet owners purchase these products to protect the health of their four-legged, feathered, finned, and furry family members.
"Looking ahead, the trick will be to find ways to grow this mature market, since at its current pace pet population growth is not sufficient to drive higher levels of market growth," comments Packaged Facts research director David Sprinkle. "For several years much of the dollar growth in the pet food market has come from converting pet owners to higher priced foods as part of the humanization trend."
Premium pet foods will account for 42% of pet food sales in 2014, followed by regular pet food at 30% and value pet food at 12%, with treats comprising the remaining share of sales. On both the dog and cat sides of the market, the premium share of sales has expanded, mostly as a result of growth in the superpremium segment, although dog owners are more willing to spend money on their furry friends than those who prefer feline companionship.
Treats have also grown their share of the market, primarily due to the robust interest in treats among dog owners, many of whom have turned to functional treats as a way to ameliorate pet health conditions and promote overall wellness.
More information on the report can be found at: http://www.packagedfacts.com/redirect.asp?progid=86778&productid=8384332.