Foot Locker to cut about 120 jobs, shut 117 of its stores in the 4th quarterFoot Locker Inc. said Friday it plans to cut about 120 jobs and to have closed 117 stores by the end of this month as it looks to become a more efficient and competitive business ...

SAN FRANCISCO (Reuters) - Foot Locker <FL.N> said it was consolidating its management team, cutting jobs and closing 117 stores this quarter as the athletic shoe retailer reorganizes its business under its new chief executive officer. The company, which has suffered in the downturn, said on Friday that ...