Athletic shoe retailer Foot Locker Inc has appointed CEO Matthew Serra to the role of chairman amid improved third quarter earnings.

Serra, who will continue to serve as CEO and president of the company, replaces J Carter Bacot in the chairman role.

Bacot will remain a member of the Foot Locker board, becoming lead director when Serra takes the chairman post in February.

Meanwhile, the company has posted earnings of $62 million for the third quarter, up from $45m in the same period of last year.

The positive result came despite an ongoing pricing dispute with footwear firm Nike Inc, which has kept Nike's high-end shoes off Foot Locker shelves since December 2002.