USA: Footstar Q3 Profit Up, Sales Slip
By just-style.com | 23 October 2002
Shoe chain Footstar Inc on Tuesday revealed it swung to a profit during the third quarter despite a sharp slide in sales amid a weak retail environment. The New York-based retailer reported net income of $3.8 million, or 19 cents per share, versus a loss of $44.5m, or $2.20 per share, in the year-ago period.
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