Foot Locker (FL)

The industry in which we operate is dependent upon fashion trends, customer preferences and other fashion-related factors.

     The athletic footwear and apparel industry is subject to changing fashion trends and customer preferences. We cannot guarantee that our merchandise selection will accurately reflect customer preferences when it is offered for sale or that we will be able to identify and respond quickly to fashion changes, particularly given the long lead times for ordering much of our merchandise from vendors. For example, we order the bulk of our athletic footwear four to six months prior to delivery to our stores. If we fail to anticipate accurately either the market for the merchandise in our stores or our customers’ purchasing habits, we may be forced to rely on markdowns or promotional sales to dispose of excess, slow moving inventory, which could have a material adverse effect on our business, financial condition, and results of operations.

     A substantial portion of our highest margin sales are to young males (ages 12–25), many of whom we believe purchase athletic footwear and licensed apparel as a fashion statement and are frequent purchasers of athletic footwear. Any shift in fashion trends that would make athletic footwear or licensed apparel less attractive to these customers could have a material adverse effect on our business, financial condition, and results of operations.

The industry in which we operate
is dependent upon fashion trends, customer preferences and other fashion-related
factors.

     The
athletic footwear and apparel industry is subject to changing fashion trends and
customer preferences. We cannot guarantee that our merchandise selection will
accurately reflect customer preferences when it is offered for sale or that we
will be able to identify and respond quickly to fashion changes, particularly
given the long lead times for ordering much of our merchandise from vendors. For
example, we order the bulk of our athletic footwear four to six months prior to
delivery to our stores. If we fail to anticipate accurately either the market
for the merchandise in our stores or our customers’ purchasing habits, we may be
forced to rely on markdowns or promotional sales to dispose of excess, slow
moving inventory, which could have a material adverse effect on our business,
financial condition, and results of operations.

     A
substantial portion of our highest margin sales are to young males (ages 12–25),
many of whom we believe purchase athletic footwear and licensed apparel as a
fashion statement and are frequent purchasers of athletic footwear. Any shift in
fashion trends that would make athletic footwear or licensed apparel less
attractive to these customers could have a material adverse effect on our
business, financial condition, and results of operations.

The industry in which we operate
is dependent upon fashion trends, customer preferences and other fashion-related
factors.

     The
athletic footwear and apparel industry is subject to changing fashion trends and
customer preferences. We cannot guarantee that our merchandise selection will
accurately reflect customer preferences when it is offered for sale or that we
will be able to identify and respond quickly to fashion changes, particularly
given the long lead times for ordering much of our merchandise from vendors. For
example, we order the bulk of our athletic footwear four to six months prior to
delivery to our stores. If we fail to anticipate accurately either the market
for the merchandise in our stores or our customers’ purchasing habits, we may be
forced to rely on markdowns or promotional sales to dispose of excess, slow
moving inventory, which could have a material adverse effect on our business,
financial condition, and results of operations.

     A
substantial portion of our highest margin sales are to young males (ages 12–25),
many of whom we believe purchase athletic footwear and licensed apparel as a
fashion statement and are frequent purchasers of athletic footwear. Any shift in
fashion trends that would make athletic footwear or licensed apparel less
attractive to these customers could have a material adverse effect on our
business, financial condition, and results of operations.

The industry in which we operate is dependent upon fashion trends, customer preferences and other fashion-related factors.

     The athletic footwear and apparel industry is subject to changing fashion trends and customer preferences. We cannot guarantee that our merchandise selection will accurately reflect customer preferences when it is offered for sale or that we will be able to identify and respond quickly to fashion changes, particularly given the long lead times for ordering much of our merchandise from vendors. For example, we order the bulk of our athletic footwear four to six months prior to delivery to our stores. If we fail to anticipate accurately either the market for the merchandise in our stores or our customers’ purchasing habits, we may be forced to rely on markdowns or promotional sales to dispose of excess, slow moving inventory, which could have a material adverse effect on our business, financial condition, and results of operations.

     A substantial portion of our highest margin sales are to young males (ages 12–25), many of whom we believe purchase athletic footwear and licensed apparel as a fashion statement and are frequent purchasers of athletic footwear. Any shift in fashion trends that would make athletic footwear or licensed apparel less attractive to these customers could have a material adverse effect on our business, financial condition, and results of operations.

The industry in which we operate
is dependent upon fashion trends, customer preferences and other fashion-related
factors.

     The
athletic footwear and apparel industry is subject to changing fashion trends and
customer preferences. We cannot guarantee that our merchandise selection will
accurately reflect customer preferences when it is offered for sale or that we
will be able to identify and respond quickly to fashion changes, particularly
given the long lead times for ordering much of our merchandise from vendors. For
example, we order the bulk of our athletic footwear four to six months prior to
delivery to our stores. If we fail to anticipate accurately either the market
for the merchandise in our stores or our customers’ purchasing habits, we may be
forced to rely on markdowns or promotional sales to dispose of excess, slow
moving inventory, which could have a material adverse effect on our business,
financial condition, and results of operations.

     A
substantial portion of our highest margin sales are to young males (ages 12–25),
many of whom we believe purchase athletic footwear and licensed apparel as a
fashion statement and are frequent purchasers of athletic footwear. Any shift in
fashion trends that would make athletic footwear or licensed apparel less
attractive to these customers could have a material adverse effect on our
business, financial condition, and results of operations.

The industry in which we operate is dependent upon fashion trends, customer preferences and other fashion-related factors.

     The athletic footwear and apparel industry is subject to changing fashion trends and customer preferences. We cannot guarantee that our merchandise selection will accurately reflect customer preferences when it is offered for sale or that we will be able to identify and respond quickly to fashion changes, particularly given the long lead times for ordering much of our merchandise from vendors. For example, we order athletic footwear four to six months prior to delivery to our stores. If we fail to anticipate accurately either the market for the merchandise in our stores or our customers’ purchasing habits, we may be forced to rely on markdowns or promotional sales to dispose of excess, slow moving inventory, which could have a material adverse effect on our business, financial condition, and results of operations.

     A substantial portion of our highest margin sales are to young males (ages 12–25), many of whom we believe purchase athletic footwear and licensed apparel as a fashion statement and are frequent purchasers of athletic footwear. Any shift in fashion trends that would make athletic footwear or licensed apparel less attractive to these customers could have a material adverse effect on our business, financial condition, and results of operations.