USA: Profits Up At Foot Locker Despite Q4 Sales Slip
Leading US-based athletic footwear and clothing retailer, Foot Locker Inc, saw its sales stumble during the fourth quarter but still posted a profit, it revealed on Thursday. Seasonal sales slipped eight per cent to $1.16 billion from $1.26 in the year-ago period, but net profit jumped to $36 million, or 24 cents a share, versus a net loss of $288m, or $2.06 a share, in 2001.
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