FOOTLOCKER.COM ANNOUNCES E-COMMERCE

STRATEGIC ALLIANCE WITH AMAZON.COM

· Foot Locker to offer its industry-leading athletic footwear and apparel on Amazon.com’s new Apparel & Accessories store

NEW YORK, NY, November 7, 2002 – Foot Locker, Inc. (NYSE: Z), the New York-based specialty athletic retailer, today announced that its wholly-owned subsidiary, Footlocker.com, recently reached a strategic alliance with Amazon.com to be a featured brand in the new Apparel & Accessories store (www.amazon.com/apparel) at Amazon.com which launches today.

Under the alliance, Foot Locker will be a featured brand in the Amazon.com Apparel & Accessories store. Customers will also be able to shop the world’s largest selection of athletic footwear and apparel from a dedicated Foot Locker store (www.amazon.com/footlocker) within the Amazon.com Apparel & Accessories store.

“This is an exciting opportunity for Foot Locker, providing high visibility within one of the anticipated top online shopping destinations in the world,” stated Matthew D. Serra, President and CEO of Footlocker, Inc. “This strategic alliance is in line with our plan to increase our sales and profits by leveraging our athletic industry-leading position in the e-commerce business.”

Footlocker.com operates the Foot Locker (www. footlocker.com), Lady Foot Locker (www.ladyfootlocker.com), Kids Foot Locker (www.kidsfootlocker.com), Champs Sports (www.champssports.com), Eastbay (www.eastbay.com) and NFL Shop (www.NFLshop.com) online websites. The combined e-commerce business has grown profitably and rapidly to $100 million in sales in 2001.

Foot Locker, Inc. is primarily a mall-based athletic specialty retailer that operates approximately 3,600 athletic retail stores in 14 countries in North America, Europe and Australia. Through its specialty retail stores, including Foot Locker, Lady Foot Locker, Kids Foot Locker and Champs Sports, 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 effects of competitive products and pricing, customer acceptance of the Company’s merchandise mix and retail locations, economic conditions worldwide, the ability of the Company to execute its business plan effectively with regard to each of its operating unit. 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.