Foot Locker Invests $54M to Advance Opportunities in Black Community

Foot Locker Invests $54M to Advance Opportunities in Black Community

August 25, 2022

Foot Locker, Inc. (NYSE: FL), the New York-based 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." 

Read the source article at PR Newswire

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