McDonald's, Starbucks, Wal-Mart, Now Foot Locker
NEW DELHI: New York-based $5.75-billion Foot Locker (FL: NYSE), the world’s leading retailer of athletic footwear and apparel, is firming up its India entry plans. According to sources, the U.S. major has started due diligence for the Indian market and is looking at setting up its first store through a franchisee arrangement early next year.
Lou Dobbs and fellow populist protectionists, Listen Up:
Globalization, outsourcing and trade help the U.S. economy. As the Indian economy grows and expands (partly as a result of globalization and outsourcing), and as the Indian middle class grows larger and more prosperous, Indian consumers can afford more products from American companies like Foot Locker (founded in NYC in 1879), which will help support more jobs in the U.S.
(HT: Sanil Kori)