Foot Locker (FL)

Our reliance on key management, store and field associates.

     Future performance will depend upon our ability to attract, retain, and motivate our executive and senior management team, as well as, store personnel and field management. Our success depends to a significant extent both upon the continued services of our current executive and senior management team, as well as our ability to attract, hire, motivate, and retain additional qualified management in the future. Competition for key executives in the retail industry is intense, and our operations could be adversely affected if we cannot attract and retain qualified associates. Many of the store and field associates are in entry level or part-time positions with historically high rates of turnover. Our ability to meet our labor needs while controlling costs is subject to external factors such as unemployment levels, prevailing wage rates, minimum wage legislation, and changing demographics. If we are unable to attract and retain quality associates, our ability to meet our growth goals or to sustain expected levels of profitability may be compromised. In addition, a large number of our retail employees are paid the prevailing minimum wage, which if increased would negatively affect our profitability.

Our reliance on key management,
store and field associates.

     Future performance will depend upon our ability to attract, retain, and
motivate our executive and senior management team, as well as, store personnel
and field management. Our success depends to a significant extent both upon the
continued services of our current executive and senior management team, as well
as our ability to attract, hire, motivate, and retain additional qualified
management in the future. Competition for key executives in the retail industry
is intense, and our operations could be adversely affected if we cannot attract
and retain qualified associates. Many of the store and field associates are in
entry level or part-time positions with historically high rates of turnover. Our
ability to meet our labor needs while controlling costs is subject to external
factors such as unemployment levels, prevailing wage rates, minimum wage
legislation, and changing demographics. If we are unable to attract and retain
quality associates, our ability to meet our growth goals or to sustain expected
levels of profitability may be compromised. In addition, a large number of our
retail employees are paid the prevailing minimum wage, which if increased would
negatively affect our profitability.

Our reliance on key management,
store and field associates.

     Future performance will depend upon our ability to attract, retain, and
motivate our executive and senior management team, as well as, store personnel
and field management. Our success depends to a significant extent both upon the
continued services of our current executive and senior management team, as well
as our ability to attract, hire, motivate, and retain additional qualified
management in the future. Competition for key executives in the retail industry
is intense, and our operations could be adversely affected if we cannot attract
and retain qualified associates. Many of the store and field associates are in
entry level or part-time positions with historically high rates of turnover. Our
ability to meet our labor needs while controlling costs is subject to external
factors such as unemployment levels, prevailing wage rates, minimum wage
legislation, and changing demographics. If we are unable to attract and retain
quality associates, our ability to meet our growth goals or to sustain expected
levels of profitability may be compromised. In addition, a large number of our
retail employees are paid the prevailing minimum wage, which if increased would
negatively affect our profitability.