FOOT LOCKER, INC. REPORTS SECOND QUARTER SALES

· Second quarter total sales increased 5.1 percent

· Second quarter comparable-store sales increased .9 percent

· Second quarter earnings per share expected to be at the lower end of our previous estimated range

NEW YORK, NY, August 8, 2002 – Foot Locker, Inc. (NYSE: Z), the New York-based specialty athletic retailer, today reported sales for the 13-week period ended August 3, 2002 of $1,084 million, versus $1,031 million in the comparable period last year, an increase of 5.1 percent. For this same 13-week period, comparable-store sales increased 0.9 percent.

For the 26-week period ended August 3, 2002, sales increased 4.2 percent to $2,174 million, from $2,087 million in the Company's corresponding period last year. Comparable-store sales for the Company's first six months of its 2002 fiscal year increased 1.2 percent.

Excluding the effect of foreign currency fluctuations, total sales for the same 13-week and 26-week periods increased 3.5 percent and 3.6 percent, respectively.

Matthew D. Serra, Foot Locker, Inc.’s President and Chief Executive Officer, stated “Our second quarter total sales increase reflects our new store opening program that is targeted primarily to our highly-profitable European and United States markets. Comparable-store sales in the period remained strongest throughout the quarter in our European markets, while being somewhat softer in certain United States markets, particularly during the month of July. Given the recent sales trend and the continuing weakness in consumer confidence in general, we are more comfortable with the lower end of our previously stated range of $0.22-to-$0.24 per share.”

Foot Locker, Inc. plans to report its second quarter 2002 and year-to-date results on Thursday, August 22, 2002. A conference call is scheduled on that same date for 10:00a.m. EDT to discuss these results and provide guidance with regard to its earnings outlook for the third quarter and full year of 2002. This conference call may be accessed live from the Investor Relations section of the Foot Locker, Inc. website at http://www.footlocker-inc.com. Please log-on to the website at least 15 minutes prior to the call in order to download any necessary software. The webcast conference call will be available for replay until 5:00p.m. Monday, August 26, 2002. News releases are also available on the Internet at http://www.prnewswire.com or on Foot Locker Inc.'s website at http://www.footlocker-inc.com.

Foot Locker, Inc. is a specialty athletic retailer that operates approximately 3,600 athletic retail stores in 14 countries in North America, Europe and Australia. Through its Foot Locker, Lady Foot Locker, Kids Foot Locker and Champs Sports retail stores, as well as its direct-to-customer channel Footlocker.com/Eastbay, the Company is the leading provider of athletic footwear and apparel.

Disclosure Regarding Forward-Looking Statements

This press release contains forward-looking statements, which reflect management’s current views of future events and financial performance. These forward-looking statements are based on many assumptions and factors detailed in the Company’s filings with the Securities and Exchange Commission, including the effects of currency fluctuations, customer demand, fashion trends, competitive market forces, uncertainties related to the effect of competitive products and pricing, customer acceptance of the Company’s merchandise mix and retail locations, unseasonable weather, risks associated with foreign global sourcing, including political instability and changes in import regulations, economic conditions worldwide, the ability of the Company to execute its business plans effectively with regard to each of its business units. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise.

# # #

Foot Locker, Inc., 112 West 34^th Street, New York, New York 10120