FOOT LOCKER, INC. NAMES EDWARD SCHLEICHER PRESIDENT

OF FOOT LOCKER CANADA

NEW YORK, NY, August 19, 2002 – Foot Locker, Inc. (NYSE: Z), the New York-based specialty athletic retailer, today announced that Edward Schleicher has been named President of its 129 store Foot Locker Canada division. Schleicher, age 55, replaces Nick Grayston who was recently promoted to President and Chief Executive Officer of Lady Foot Locker.

Mr. Schleicher, who will report directly to Matt Serra, joins Foot Locker, Inc. from Sterns Department Stores where he had 15 years of merchandising experience; more recently in the position of Senior Vice President/General Merchandise Manager, Cosmetics, Apparel, Fashion Accessories and Women's shoes. His prior experience included the positions, Senior Vice President/General Merchandise Manager, Mens and Childrens and Divisional Merchandise Manager for Children and Boys. Ed holds a BA from Kent State University.

"Ed is a highly experienced retail executive with an extensive merchandising background," stated Matthew D. Serra, Foot Locker, Inc.'s President and Chief Executive Officer. "We are confident that Foot Locker Canada will benefit from his expertise and continue its growth in sales and earnings."

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.

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