To kick off National Black Business Month in August, Foot Locker Inc. has revealed it invested close to $54 million in the Black community through its fiscal year ending in 2021.
“Our commitment to the Black community goes beyond words and is part of how we do business,” Foot Locker Chairman and CEO Richard Johnson said in a statement.
The program has empowered Black entrepreneurs and designers by investing $17 million in Black-owned brands, including Abeille Creations, which collaborated with Foot Locker to design custom athletic apparel.
The sneaker retailer has expanded its efforts globally through its Foot Locker Foundation Community Empowerment Program, first announced last year.
VSION Capital 