About the Company
Foot Locker, Inc. (NYSE: FL) is the world’s leading retailer of athletic footwear and apparel. Headquartered in New York City, it operates approximately 3,600 athletic retail stores in 21 countries in North America, Europe and Australia under the brand names Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker and Champs Sports.
Additionally, the Company’s Footlocker.com/Eastbay/ CCS business operates a direct-to-customers business offering athletic footwear, apparel and equipment through its Internet and catalog channels.
Financial Highlights
| (Millions, except per share amounts) | 2004 | 2005 | 2006 | 2007 | 2008 |
| Sales | $5,355 | $5,653 | $5,750 | $5,437 | $5,237 |
| Adjusted Financial Results: | |||||
| Income from continuing operations | $255 | $263 | $259 | $62 | $106 |
| Diluted EPS from continuing operations | $1.64 | $1.67 | $1.66 | $0.40 | $0.68 |
| Cash, cash equivalents and short-term investment position, net of debt | $127 | $261 | $236 | $272 | $266 |
| Net debt capitalization percent | 50.4% | 45.2% | 44.4% | 45.1% | 46.7% |
| Book value per share | $11.72 | $13.04 | $14.74 | $14.63 | $12.42 |
| STORE SUMMARY | Gross Square Footage | |||||||
| February 2, 2008 | Opened | Closed | January 31, 2009 | Remodeled / Relocated | Average Size | 2008 Total (thousands) | 2009 Targeted Openings | |
| Foot Locker | 1,275 | 10 | 67 | 1,218 | 78 | 4,100 | 4,953 | 6 |
| Footaction | 356 | 1 | 22 | 335 | 1 | 4,700 | 1,568 | 0 |
| Lady Foot Locker | 526 | 5 | 45 | 486 | 34 | 2,200 | 1,077 | 1 |
| Kids Foot Locker | 321 | 12 | 28 | 305 | 37 | 2,400 | 734 | 1 |
| Foot Locker International | 731 | 19 | 18 | 732 | 36 | 2,900 | 2,135 | 12 |
| Champs Sports | 576 | 17 | 28 | 565 | 44 | 5,400 | 3,034 | 5 |
| TOTAL | 3,785 | 64 | 208 | 3,641 | 230 | 3,700 | 13,501 | 25 |
