USA: Foot Locker's Q3 Sales Rise 6.6% to $3.29bn

By just-style.com | 6 November 2003

Sportswear retailer Foot Locker Inc has posted third quarter sales of $3.29 billion, up 6.6 per cent from $1.12bn in the same period last year.

Comparable store sales also increased 0.4 per cent for the 13-week period to November 1, compared to the third quarter of 2002.

"We are very encouraged that our comparable store sales in our US operations improved significantly during the third quarter versus the previous six months of the current year," president and CEO Matthew Serra said.

"Our third quarter results are also expected to reflect the benefits of a higher gross margin rate and tight expense controls - a continuation of a trend also enjoyed during the first six months of this year."

Foot Locker, a New-York based company, operates about 3,600 stores in 16 countries throughout North America, Europe and Australia.

Companies: Foot Locker