Foot Locker (FL)

Sales

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     All references to comparable-store sales for a given period relate to sales from stores that are open at the period-end, that have been open for more than one year, and exclude the effect of foreign currency fluctuations. Accordingly, stores opened and closed during the period are not included. Sales from the Direct-to-Customer segment are included in the calculation of comparable-store sales for all periods presented. Sales from acquired businesses that include the purchase of inventory are included in the computation of comparable-store sales after 15 months of operations. Accordingly, Footaction sales have been included in the computation of comparable-store sales since August 2005.

     Sales increased to $5,750 million, or by 1.7 percent as compared with 2005. Excluding the effect of foreign currency fluctuations and the 53^rd week, sales declined 0.7 percent as compared with 2005. Comparable-store sales decreased by 1.2 percent, which is primarily a result of the decline in our European operations.

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Sales

The following table summarizes sales by segment:

          Athletic Stores sales increased by 3.1 percent and 7.5 percent for the thirteen and thirty-nine weeks ended October 29, 2005, respectively, as compared with the corresponding prior year periods, led by strong increases in the Champs Sports and Footaction formats.  Excluding the effect of foreign currency fluctuations, primarily related to the euro, sales from athletic store formats increased 2.7 percent and 6.6 percent for the thirteen and thirty-nine weeks ended October 29, 2005, respectively, as compared with the corresponding prior year periods.  Comparable-store sales increased by 2.7 percent and 2.3 percent for the thirteen and thirty-nine weeks ended October 29, 2005, respectively.

          Direct-to-Customers sales increased to $96 million for the thirteen weeks ended October 29, 2005, as compared with the corresponding prior-year period of $94 million. For the thirty-nine weeks ended October 29, 2005, sales increased to $257 million as compared with the corresponding prior-year period of $254 million.  Internet sales increased by 13.5 percent to $59 million and increased 11.8 percent to $161 million for the thirteen and thirty-nine weeks ended October 29, 2005, respectively, as compared with the corresponding prior year periods.  These increases in Internet sales were essentially offset in both periods by a decline in catalog sales, reflecting the continuing trend of the Company’s customers to browse and select products through its catalogs, then make their purchases via the Internet.

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Sales

The following table summarizes sales by segment:

          Athletic Stores sales increased by 3.1 percent and 9.9 percent for the thirteen and twenty-six weeks ended July 30, 2005, respectively, as compared with the corresponding prior year periods.  Excluding the effect of foreign currency fluctuations, primarily related to the euro, sales from athletic store formats increased 2.4 percent and 8.7 percent for the thirteen and twenty-six weeks ended July 30, 2005, respectively, as compared with the corresponding prior year periods.  This increase was primarily driven by incremental sales from the acquisition of 349 Footaction stores in May 2004 totaling $126 million during the first quarter of 2005. Comparable-store sales increased by 1.5 percent and 2.1 percent for the thirteen and twenty-six weeks ended July 30, 2005, respectively. The thirteen and twenty-six weeks ended July 30, 2005 included an increase in the U.S. Champs Sports format, which benefited from increased sales of marquee footwear and private-label apparel.  This was offset, in part, by lower sales in the European operations.

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Sales

The following table summarizes sales by segment:

          Athletic Stores sales increased by 17.2 percent as compared with the corresponding prior year period.  Excluding the effect of foreign currency fluctuations, primarily related to the euro, sales from athletic store formats increased 15.6 percent in the first quarter of 2005.  This increase was primarily driven by incremental sales from the acquisition of 349 Footaction stores in May 2004 totaling $126 million. Comparable-store sales increased by 2.7 percent for the thirteen weeks ended April 30, 2005.  The balance of the increase primarily reflects the performance of the U.S. Champs Sports format. Champs Sports benefited from increased sales of marquee basketball footwear and private-label apparel. 

          Direct-to-Customers sales increased to $88 million for the thirteen weeks ended April 30, 2005, as compared with the corresponding prior-year period of $86 million. Internet sales increased by 16.7 percent to $56 million, as compared with the corresponding period in the prior year. This increase in Internet sales was partially offset by a decline in catalog sales, reflecting the continuing trend of the Company’s customers to browse and select products through its catalogs, then make their purchases via the Internet.

Sales