FOOT LOCKER, INC. NAMES NICK GRAYSTON PRESIDENT

AND CEO OF LADY FOOT LOCKER

· Kids Foot Locker Merged Into Foot Locker U.S.

NEW YORK, NY, August 13, 2002 – Foot Locker, Inc. (NYSE: Z), the New York-based specialty athletic retailer, today announced that Nick Grayston has been named President and Chief Executive Officer of Lady Foot Locker, its 632 store chain targeted to women. Grayston, age 39, formerly the President of Foot Locker Canada, replaces Dan Demicell who has resigned.

"As the head of Foot Locker Canada, Nick has demonstrated strong leadership and the ability to generate profitable sales growth," stated Matthew D. Serra, Foot Locker, Inc.'s President and Chief Executive Officer. "As we move ahead with a renewed merchandising and execution focus at Lady Foot Locker, we look forward to Nick's proven skills to make an impact on the business."

Mr. Grayston, who will report directly to Matt Serra began his career with Foot Locker as the Director of Planning and Allocation for Foot Locker Europe. Nick advanced through the organization holding positions of Senior Vice President, General Merchandise Manager, and Senior Vice President, Planning and Allocation for Champs Sports, where he provided merchandising leadership and planning expertise. Nick holds a BA from the University of Birmingham and an MA in Marketing from Bristol Business School in England.

Foot Locker, Inc. also announced today that it is merging its Kids Foot Locker division into Foot Locker U.S. managed by Tim Finn, President and CEO, Foot Locker U.S. and Australia. Merchandising commonalities and other important operating synergies are expected to be realized as a result of this consolidation.

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