FL » Topics » Item 1. Business

These excerpts taken from the FL 10-K filed Mar 30, 2009.

Item 1. Business

General

     Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic footwear and apparel, operating 3,641 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 31, 2009. Foot Locker, Inc. and its subsidiaries hereafter are referred to as the “Registrant,” “Company” or “we.” Information regarding the business is contained under the “Business Overview” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

     The Company maintains a website on the Internet at www.footlocker-inc.com. The Company’s filings with the Securities and Exchange Commission, including its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports are available free of charge through this website as soon as reasonably practicable after they are filed with or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate Governance section of the Company’s corporate website contains the Company’s Corporate Governance Guidelines, Committee Charters, and the Company’s Code of Business Conduct for directors, officers and employees, including the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies of these documents may also be obtained free of charge upon written request to the Company’s Corporate Secretary at 112 West 34th Street, New York, NY 10120. The Company intends to disclose promptly amendments to the Code of Business Conduct and waivers of the Code for directors and executive officers on the Corporate Governance section of the Company’s corporate website.

     The Certification of the Chief Executive Officer required by Section 303A.12(a) of The New York Stock Exchange Listing Standards relating to the Company’s compliance with The New York Stock Exchange Corporate Governance Listing Standards was submitted to The New York Stock Exchange on June 6, 2008.

Information Regarding Business Segments and Geographic Areas

     The financial information concerning business segments, divisions and geographic areas is contained under the “Business Overview” and “Segment Information” sections in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Information regarding sales, operating results and identifiable assets of the Company by business segment and by geographic area is contained under the “Segment Information” note in “Item 8. Consolidated Financial Statements and Supplementary Data.”

     The service marks and trademarks appearing on this page and elsewhere in this report (except for dELiA*s, Alshaya Trading Co. W.L.L., Northern Group, ESPN, Nike, The San Francisco Music Box Company, and U.S. Olympic Committee) are owned by Foot Locker, Inc. or its subsidiaries.

Employees

     The Company and its consolidated subsidiaries had 15,952 full-time and 23,806 part-time employees at January 31, 2009. The Company considers employee relations to be satisfactory.

Competition

     Financial information concerning competition is contained under the “Business Risk” section in the “Financial Instruments and Risk Management” note in “Item 8. Consolidated Financial Statements and Supplementary Data.”

Merchandise Purchases

     Financial information concerning merchandise purchases is contained under the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and under the “Business Risk” section in the “Financial Instruments and Risk Management” note in “Item 8. Consolidated Financial Statements and Supplementary Data.”

1


Item 1.
Business


General


     Foot
Locker, Inc., incorporated under the laws of the State of New York in 1989, is a
leading global retailer of athletic footwear and apparel, operating 3,641
primarily mall-based stores in the United States, Canada, Europe, Australia, and
New Zealand as of January 31, 2009. Foot Locker, Inc. and its subsidiaries
hereafter are referred to as the “Registrant,” “Company” or “we.” Information
regarding the business is contained under the “Business Overview” section in
“Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations.”


     The Company maintains a website on
the Internet at
www.footlocker-inc.com. The
Company’s filings with the Securities and Exchange Commission, including its
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K, and all amendments to those reports are available free of charge
through this website as soon as reasonably practicable after they are filed with
or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate
Governance section of the Company’s corporate website contains the Company’s
Corporate Governance Guidelines, Committee Charters, and the Company’s Code of
Business Conduct for directors, officers and employees, including the Chief
Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies
of these documents may also be obtained free of charge upon written request to
the Company’s Corporate Secretary at 112 West 34th
Street, New York, NY 10120. The Company intends to
disclose promptly amendments to the Code of Business Conduct and waivers of the
Code for directors and executive officers on the Corporate Governance section of
the Company’s corporate website.


     The
Certification of the Chief Executive Officer required by Section 303A.12(a) of
The New York Stock Exchange Listing Standards relating to the Company’s
compliance with The New York Stock Exchange Corporate Governance Listing
Standards was submitted to The New York Stock Exchange on June 6,
2008.


Information Regarding Business
Segments and Geographic Areas


     The
financial information concerning business segments, divisions and geographic
areas is contained under the “Business Overview” and “Segment Information”
sections in “Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations.” Information regarding sales, operating results and
identifiable assets of the Company by business segment and by geographic area is
contained under the “Segment Information” note in “Item 8. Consolidated
Financial Statements and Supplementary Data.”


     The service marks and trademarks
appearing on this page and elsewhere in this report (except for dELiA*s, Alshaya
Trading Co. W.L.L., Northern Group, ESPN, Nike, The San Francisco Music Box
Company, and U.S. Olympic Committee) are owned by Foot Locker, Inc. or its
subsidiaries.


Employees


     The
Company and its consolidated subsidiaries had 15,952 full-time and 23,806
part-time employees at January 31, 2009. The Company considers employee
relations to be satisfactory.


Competition


     Financial information concerning competition is contained under the
“Business Risk” section in the “Financial Instruments and Risk Management” note
in “Item 8. Consolidated Financial Statements and Supplementary
Data.”


Merchandise
Purchases


     Financial information concerning merchandise purchases is contained under
the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and under the “Business Risk”
section in the “Financial Instruments and Risk Management” note in “Item 8.
Consolidated Financial Statements and Supplementary Data.”


1





Item 1.
Business


General


     Foot
Locker, Inc., incorporated under the laws of the State of New York in 1989, is a
leading global retailer of athletic footwear and apparel, operating 3,641
primarily mall-based stores in the United States, Canada, Europe, Australia, and
New Zealand as of January 31, 2009. Foot Locker, Inc. and its subsidiaries
hereafter are referred to as the “Registrant,” “Company” or “we.” Information
regarding the business is contained under the “Business Overview” section in
“Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations.”


     The Company maintains a website on
the Internet at
www.footlocker-inc.com. The
Company’s filings with the Securities and Exchange Commission, including its
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K, and all amendments to those reports are available free of charge
through this website as soon as reasonably practicable after they are filed with
or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate
Governance section of the Company’s corporate website contains the Company’s
Corporate Governance Guidelines, Committee Charters, and the Company’s Code of
Business Conduct for directors, officers and employees, including the Chief
Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies
of these documents may also be obtained free of charge upon written request to
the Company’s Corporate Secretary at 112 West 34th
Street, New York, NY 10120. The Company intends to
disclose promptly amendments to the Code of Business Conduct and waivers of the
Code for directors and executive officers on the Corporate Governance section of
the Company’s corporate website.


     The
Certification of the Chief Executive Officer required by Section 303A.12(a) of
The New York Stock Exchange Listing Standards relating to the Company’s
compliance with The New York Stock Exchange Corporate Governance Listing
Standards was submitted to The New York Stock Exchange on June 6,
2008.


Information Regarding Business
Segments and Geographic Areas


     The
financial information concerning business segments, divisions and geographic
areas is contained under the “Business Overview” and “Segment Information”
sections in “Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations.” Information regarding sales, operating results and
identifiable assets of the Company by business segment and by geographic area is
contained under the “Segment Information” note in “Item 8. Consolidated
Financial Statements and Supplementary Data.”


     The service marks and trademarks
appearing on this page and elsewhere in this report (except for dELiA*s, Alshaya
Trading Co. W.L.L., Northern Group, ESPN, Nike, The San Francisco Music Box
Company, and U.S. Olympic Committee) are owned by Foot Locker, Inc. or its
subsidiaries.


Employees


     The
Company and its consolidated subsidiaries had 15,952 full-time and 23,806
part-time employees at January 31, 2009. The Company considers employee
relations to be satisfactory.


Competition


     Financial information concerning competition is contained under the
“Business Risk” section in the “Financial Instruments and Risk Management” note
in “Item 8. Consolidated Financial Statements and Supplementary
Data.”


Merchandise
Purchases


     Financial information concerning merchandise purchases is contained under
the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and under the “Business Risk”
section in the “Financial Instruments and Risk Management” note in “Item 8.
Consolidated Financial Statements and Supplementary Data.”


1





These excerpts taken from the FL 10-K filed Mar 31, 2008.

Item 1. Business

General

     Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic footwear and apparel, operating 3,785 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2008. Foot Locker, Inc. and its subsidiaries hereafter are referred to as the “Registrant,” “Company” or “we.” Information regarding the business is contained under the “Business Overview” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

     The Company maintains a website on the Internet at www.footlocker-inc.com. The Company’s filings with the Securities and Exchange Commission, including its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports are available free of charge through this website as soon as reasonably practicable after they are filed with or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate Governance section of the Company’s corporate website contains the Company’s Corporate Governance Guidelines, Committee Charters, and the Company’s Code of Business Conduct for directors, officers and employees, including the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies of these documents may also be obtained free of charge upon written request to the Company’s Corporate Secretary at 112 West 34th Street, New York, NY 10120. The Company intends to disclose promptly amendments to the Code of Business Conduct and waivers of the Code for directors and executive officers on the corporate governance section of the Company’s corporate website.

     The Certification of the Chief Executive Officer required by Section 303A.12(a) of The New York Stock Exchange Listing Standards relating to the Company’s compliance with The New York Stock Exchange Corporate Governance Listing Standards was submitted to The New York Stock Exchange on June 8, 2007.

Information Regarding Business Segments and Geographic Areas

     The financial information concerning business segments, divisions and geographic areas is contained under the “Business Overview” and “Segment Information” sections in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Information regarding sales, operating results and identifiable assets of the Company by business segment and by geographic area is contained under the “Segment Information” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

     The service marks and trademarks appearing on this page and elsewhere in this report (except for ESPN, Nike, Amazon.com, Weekend Edition, The San Francisco Music Box Company, and USOC) are owned by Foot Locker, Inc. or its subsidiaries.

Employees

     The Company and its consolidated subsidiaries had 16,839 full-time and 27,576 part-time employees at February 2, 2008. The Company considers employee relations to be satisfactory.

Competition

     Financial information concerning competition is contained under the “Business Risk” section in the “Financial Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

Merchandise Purchases

     Financial information concerning merchandise purchases is contained under the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and under the “Business Risk” section in the “Financial Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

1


Item 1.
Business


General


     Foot
Locker, Inc., incorporated under the laws of the State of New York in 1989, is a
leading global retailer of athletic footwear and apparel, operating 3,785
primarily mall-based stores in the United States, Canada, Europe, Australia, and
New Zealand as of February 2, 2008. Foot Locker, Inc. and its subsidiaries
hereafter are referred to as the “Registrant,” “Company” or “we.” Information
regarding the business is contained under the “Business Overview” section in
“Item 7. Management’s Discussion and Analysis of Financial Condition and Results
of Operations.”


     The Company maintains a website on
the Internet at
www.footlocker-inc.com. The
Company’s filings with the Securities and Exchange Commission, including its
annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on
Form 8-K, and all amendments to those reports are available free of charge
through this website as soon as reasonably practicable after they are filed with
or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate
Governance section of the Company’s corporate website contains the Company’s
Corporate Governance Guidelines, Committee Charters, and the Company’s Code of
Business Conduct for directors, officers and employees, including the Chief
Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies
of these documents may also be obtained free of charge upon written request to
the Company’s Corporate Secretary at 112 West 34th
Street, New York, NY 10120. The Company intends to
disclose promptly amendments to the Code of Business Conduct and waivers of the
Code for directors and executive officers on the corporate governance section of
the Company’s corporate website.


     The
Certification of the Chief Executive Officer required by Section 303A.12(a) of
The New York Stock Exchange Listing Standards relating to the Company’s
compliance with The New York Stock Exchange Corporate Governance Listing
Standards was submitted to The New York Stock Exchange on June 8,
2007.


Information Regarding Business
Segments and Geographic Areas


     The
financial information concerning business segments, divisions and geographic
areas is contained under the “Business Overview” and “Segment Information”
sections in “Item 7. Management’s Discussion and Analysis of Financial Condition
and Results of Operations.” Information regarding sales, operating results and
identifiable assets of the Company by business segment and by geographic area is
contained under the “Segment Information” footnote in “Item 8. Consolidated
Financial Statements and Supplementary Data.”


     The
service marks and trademarks appearing on this page and elsewhere in this report
(except for ESPN, Nike, Amazon.com, Weekend Edition, The San Francisco Music Box
Company, and USOC) are owned by Foot Locker, Inc. or its
subsidiaries.


Employees


     The
Company and its consolidated subsidiaries had 16,839 full-time and 27,576
part-time employees at February 2, 2008. The Company considers employee
relations to be satisfactory.


Competition


     Financial information concerning competition is contained under the
“Business Risk” section in the “Financial Instruments and Risk Management”
footnote in “Item 8. Consolidated Financial Statements and Supplementary
Data.”


Merchandise
Purchases


     Financial information concerning merchandise purchases is contained under
the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and under the “Business Risk”
section in the “Financial Instruments and Risk Management” footnote in “Item 8.
Consolidated Financial Statements and Supplementary Data.”


1





This excerpt taken from the FL 10-K filed Apr 2, 2007.

Item 1. Business

General

     Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic footwear and apparel, operating 3,942 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 3, 2007, Foot Locker, Inc. and its subsidiaries hereafter are referred to as the “Registrant,” “Company” or “we.” Information regarding the business is contained under the “Business Overview” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

     The Company maintains a website on the Internet at www.footlocker-inc.com. The Company’s filings with the Securities and Exchange Commission, including its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports are available free of charge through this website as soon as reasonably practicable after they are filed with or furnished to the SEC by clicking on the “SEC Filings” link. The Corporate Governance section of the Company’s corporate website contains the Company’s Corporate Governance Guidelines, Committee Charters, and the Company’s Code of Business Conduct for directors, officers and employees, including the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies of these documents may also be obtained free of charge upon written request to the Company’s Corporate Secretary at 112 West 34th Street, New York, NY 10120. The Company intends to disclose promptly amendments to the Code of Business Conduct and waivers of the Code for directors and executive officers on the corporate governance section of the Company’s corporate website.

     The Certification of the Chief Executive Officer required by Section 303A.12(a) of The New York Stock Exchange Listing Standards relating to the Company’s compliance with The New York Stock Exchange Corporate Governance Listing Standards was submitted to The New York Stock Exchange on June 2, 2006.

Information Regarding Business Segments and Geographic Areas

     The financial information concerning business segments, divisions and geographic areas is contained under the “Business Overview” and “Segment Information” sections in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Information regarding sales, operating results and identifiable assets of the Company by business segment and by geographic area is contained under the “Segment Information” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

     The service marks and trademarks appearing on this page and elsewhere in this report (except for ESPN, NBA, Nike, Amazon.com, Weekend Edition, The San Francisco Music Box Company, and USOC) are owned by Foot Locker, Inc. or its subsidiaries.

Employees

     The Company and its consolidated subsidiaries had 16,806 full-time and 28,600 part-time employees at February 3, 2007. The Company considers employee relations to be satisfactory.

Competition

     Financial information concerning competition is contained under the “Business Risk” section in the “Financial Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

Merchandise Purchases

     Financial information concerning merchandise purchases is contained under the “Liquidity” section in “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and under the “Business Risk” section in the “Financial Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements and Supplementary Data.”

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