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NEWS RELEASE
CONTACT: Peter D. Brown
Vice President,
Treasurer
and Investor Relations
Foot
Locker, Inc.
(212)
720-4254
NEW YORK, NY, August 13, 2002 – Foot Locker, Inc.
(NYSE: Z), the New York-based specialty athletic retailer, today filed, prior
to its September 17, 2002 deadline, the sworn statements of Matthew D. Serra,
its President and Chief Executive Officer, and Bruce L. Hartman, its Executive
Vice President and Chief Financial Officer, affirming the accuracy of Foot
Locker, Inc.'s Form 10-K(2001), 10-Q(First Quarter, 2002), and Proxy Statement
(2002).
Foot Locker, Inc. has taken this action in response
to an order by the SEC dated June 27, 2002, requiring approximately 950
companies to certify the accuracy of their financial reports. The officers' sworn statements filed today
certify that Foot Locker, Inc.'s SEC reports covered by the statements contain
no material misstatement, nor are there any material omissions.
The statements filed with the SEC have been posted
under the Investor Relations section of Foot Locker, Inc.'s website, and may be
accessed at 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.
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 34th
Street, New York, New York 10120