Special Reports

Foot Locker

39544

Published

18 years ago

May 5, 2006

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Foot Locker Inc. (New York) reported a 0.9 decrease in sales for the 13-week period ended April 29, 2006, but actually gained 0.2 percent excluding the effect of foreign currency fluctuations. Same-store sales increased 0.5 percent.

“First quarter comparable-store sales results were solid in our North American businesses, but continued to be weak in our European stores, which partially reflected our less promotional posture than the first quarter of last year,” said chairman and ceo Matthew Serra. “In total, our sales fell short of our initial expectations and were also negatively impacted by European foreign currency exchange rates which were unfavorable versus the first quarter of last year.”

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