Business

Foot Locker appoints former Ulta Beauty director Mary Dillon as CEO


A sign hangs above the entrance of a Foot Locker store on August 2, 2021 in Chicago, Illinois.

Scott Olson | beautiful pictures

Foot Locker Inc said on Friday it had appointed former Ulta Beauty heads Mary Dillon as chief executive, replacing Richard Johnson.

Shares of the footwear retailer were up about 19% before the alarm sounded, as it also reported a smaller-than-expected decline in second-quarter comparative sales and profit. higher than estimated.

Johnson, who is retiring, will continue as executive chairman of the board until January 31.

During his eight years as CEO of Ulta Beauty, Dillon has focused heavily on expanding the retailer’s e-commerce business – a strategy in which Foot Locker is also heavily investing.

She has also served as the global marketing director of McDonald’s from 2005 to 2010.

The management change comes at a time when Foot Locker is focused on increasing sales of Adidas sneakers and other items in its stores to counter a shrinking supplier presence. Nike’s largest retail chain.

Foot Locker said Friday its board has decided to split the roles of chairman and chief executive officer, and Dona Young, the company’s main independent director, will become non-executive chairman. , starting in February.



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