Foot Locker (FL)

Revenue Recognition

     Revenue from retail stores is recognized at the point of sale when the product is delivered to customers. Internet and catalog sales revenue is recognized upon estimated receipt by the customer. Sales include shipping and handling fees for all periods presented. Sales include merchandise, net of returns and exclude all taxes as permitted by EITF Issue No. 06-3, “How Taxes Collected from Customers and Remitted to Governmental Authorities Should Be Presented in the Income Statement (That is, Gross versus Net Presentation).” The Company provides for estimated returns based on return history and sales levels. The Company recognizes revenue, including gift card sales and layaway sales, in accordance with SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue Recognition.” Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid.

Revenue
Recognition

     Revenue from retail stores is recognized at the point of sale when the
product is delivered to customers. Internet and catalog sales revenue is
recognized upon estimated receipt by the customer. Sales include shipping and
handling fees for all periods presented. Sales include merchandise, net of
returns and exclude all taxes as permitted by EITF Issue No. 06-3, “How Taxes
Collected from Customers and Remitted to Governmental Authorities Should Be
Presented in the Income Statement (That is, Gross versus Net Presentation).” The
Company provides for estimated returns based on return history and sales levels.
The Company recognizes revenue, including gift card sales and layaway sales, in
accordance with SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue
Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue
Recognition.” Revenue from layaway sales is recognized when the customer
receives the product, rather than when the initial deposit is paid.

Revenue
Recognition

     Revenue from retail stores is recognized at the point of sale when the
product is delivered to customers. Internet and catalog sales revenue is
recognized upon estimated receipt by the customer. Sales include shipping and
handling fees for all periods presented. Sales include merchandise, net of
returns and exclude all taxes as permitted by EITF Issue No. 06-3, “How Taxes
Collected from Customers and Remitted to Governmental Authorities Should Be
Presented in the Income Statement (That is, Gross versus Net Presentation).” The
Company provides for estimated returns based on return history and sales levels.
The Company recognizes revenue, including gift card sales and layaway sales, in
accordance with SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue
Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue
Recognition.” Revenue from layaway sales is recognized when the customer
receives the product, rather than when the initial deposit is paid.

Revenue Recognition

     Revenue from retail stores is recognized at the point of sale when the product is delivered to customers. Internet and catalog sales revenue is recognized upon estimated receipt by the customer. Sales include shipping and handling fees for all periods presented. Sales include merchandise, net of returns and exclude all taxes as permitted by EITF Issue No. 06-3, “How Taxes Collected from Customers and Remitted to Governmental Authorities Should Be Presented in the Income Statement (That is, Gross versus Net Presentation).” The Company provides for estimated returns based on return history and sales levels. The Company recognizes revenue, including gift card sales and layaway sales, in accordance with SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue Recognition.” Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid.

Revenue
Recognition

     Revenue from retail stores is recognized at the point of sale when the
product is delivered to customers. Internet and catalog sales revenue is
recognized upon estimated receipt by the customer. Sales include shipping and
handling fees for all periods presented. Sales include merchandise, net of
returns and exclude all taxes as permitted by EITF Issue No. 06-3, “How Taxes
Collected from Customers and Remitted to Governmental Authorities Should Be
Presented in the Income Statement (That is, Gross versus Net Presentation).” The
Company provides for estimated returns based on return history and sales levels.
The Company recognizes revenue, including gift card sales and layaway sales, in
accordance with SEC Staff Accounting Bulletin (“SAB”) No. 101, “Revenue
Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue
Recognition.” Revenue from layaway sales is recognized when the customer
receives the product, rather than when the initial deposit is paid.

Revenue Recognition

     Revenue from retail stores is recognized at the point of sale when the product is delivered to customers. Internet and catalog sales revenue is recognized upon estimated receipt by the customer. Sales include shipping and handling fees for all periods presented. Sales include merchandise, net of returns and exclude all taxes. The Company provides for estimated returns based on return history and sales levels. The Company recognizes revenue, including gift card sales and layaway sales, in accordance with SEC Staff Accounting Bulletin No. 101, “Revenue Recognition in Financial Statements,” as amended by SAB No. 104, “Revenue Recognition.” Revenue from layaway sales is recognized when the customer receives the product, rather than when the initial deposit is paid.

Revenue Recognition