| Since its acquisition by Foot
Locker, Inc. almost 20 years ago, Champs Sports has developed into
the Company’s second largest division and one of the leading mall-based athletic footwear and apparel retailers in North America. With
576 stores at year-end 2006, 539 in the United States and 37 in Canada,
and which average 5,500 gross square feet, Champs Sports targets the
12-to-25 year old suburban consumer who is interested in team sports
and favors wearing fashion-forward merchandise.
In 2006, Champs Sports continued to distinguish itself from its competition by offering fashion-right products and superior customer service in a clean, consumer friendly environment. After several years of consolidating and remodeling its existing business, Champs Sports increased its store base during 2006 by 20 stores. The Company expects to continue to seek opportunities to open additional Champs Sports stores in North America over the next few years. During the fourth quarter of 2006, the Company opened its first Champs Sports Just Hats store in the Miami International Mall.
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