Foot Locker (FL)

Risk associated with our recent acquisition.

     During the fourth quarter of 2008, we acquired CCS, a leading direct-to-customer retailer that sells skateboard equipment, apparel, footwear and accessories though catalogs and the Internet. We have substantially completed the integration of CCS during the fourth quarter 2008, including moving all personnel and distribution activities to our corporate office and distribution center, respectively. The acquisition of CCS involves a number of risks, which could significantly and adversely affect our business, financial condition, and results of operations, including:

• failure of CCS to achieve the results that we expect;
   
• diversion of management’s attention from operational matters;
   
• difficulties integrating the operations and personnel; and
   
• potential difficulties associated with the retention of key personnel.

Risk associated with our recent
acquisition.

     During the fourth quarter of 2008, we acquired CCS, a leading
direct-to-customer retailer that sells skateboard equipment, apparel, footwear
and accessories though catalogs and the Internet. We have substantially
completed the integration of CCS during the fourth quarter 2008, including
moving all personnel and distribution activities to our corporate office and
distribution center, respectively. The acquisition of CCS involves a number of
risks, which could significantly and adversely affect our business, financial
condition, and results of operations, including:

• failure of CCS to achieve the results that we
  expect;
   
  
• diversion of management’s attention from
  operational matters;
   
  
• difficulties integrating the operations and
  personnel; and
   
  
• potential difficulties associated with the
  retention of key personnel.

Risk associated with our recent
acquisition.

     During the fourth quarter of 2008, we acquired CCS, a leading
direct-to-customer retailer that sells skateboard equipment, apparel, footwear
and accessories though catalogs and the Internet. We have substantially
completed the integration of CCS during the fourth quarter 2008, including
moving all personnel and distribution activities to our corporate office and
distribution center, respectively. The acquisition of CCS involves a number of
risks, which could significantly and adversely affect our business, financial
condition, and results of operations, including:

• failure of CCS to achieve the results that we
  expect;
   
  
• diversion of management’s attention from
  operational matters;
   
  
• difficulties integrating the operations and
  personnel; and
   
  
• potential difficulties associated with the
  retention of key personnel.