Footstar, Inc. (NYSE:FTS) today reported that comparable store sales for the four-week period ended May 27, 2000 increased 7.5%. Meldisco's comparable store sales increased 7.9%, while comparable store sales for the athletic segment increased 6.4%.

Footstar's total sales for the period increased 25.3% to $184.5 million from sales of $147.2 million in the same period last year. Total sales at the Company's Meldisco division increased 9.5% to $113.1 million, and total sales for the athletic segment increased 62.5% to $71.4 million.

Mickey Robinson, Chairman and Chief Executive Officer, commented, "I am very pleased with our strong performance this month. Sales were ahead of plan in all of our businesses and margins were very strong. Our inventories continue to be in great shape, and we are optimistic about our spring sales trends on key items. As we indicated last week in a separate release, based on the combination of strong business and the Just For Feet integration being ahead of schedule, we see opportunities for earnings upside in the second quarter and the year."

For the twenty-one week period ended May 27, 2000, Footstar's comparable store sales increased 1.7%. Comparable store sales increased 4.4% at Meldisco and declined 3.3% for the athletic segment. Total sales for the Company increased 10.8% to $808.5 million from sales of $729.5 million in the same period in 1999. Total sales for Meldisco increased 5.3% to $498.9 million, and total sales for the athletic segment increased 21.0% to $309.6 million.

On March 7, 2000, Footstar completed its acquisition of certain assets from Just For Feet, Inc. including among other assets, 79 superstores, 23 specialty stores and the Internet business. Accordingly, sales results for the year-to-date period include sales generated by those assets since March 7, 2000. These sales have been combined with the sales of the Company's Footaction division and are reported as a group called the athletic segment. Sales generated by the acquired assets are treated as sales of new stores and, therefore, will not be included within the comparable store sales base until they have been part of Footstar's operations for twelve months. Accordingly, comparable store sales for the athletic segment represent only Footaction's same store sales for the indicated periods.

Footstar, Inc. headquartered in Mahwah, New Jersey, is a leading footwear retailer. As of May 27, 2000, the Company's Footaction division, headquartered in Irving, Texas, near Dallas, operated 551 mostly mall-based stores in 43 states, Puerto Rico, and the U. S Virgin Islands. The Company's Just For Feet division, headquartered in Mahwah, New Jersey, operated 79 superstores located in the Southern half of the country. Both divisions sell branded athletic footwear and apparel. The Company's Meldisco division is a leader in the discount footwear segment, operating 2,483 licensed footwear departments, primarily in Kmart stores.

Except for the historical information contained herein, the matters discussed in this release are forward looking statements that involve risks and uncertainties that may cause actual results to differ from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to, uncertainties related to the effect of competitive products and pricing, consumer demand for footwear, unseasonable weather, consumer acceptance of our merchandise mix and retail locations, the availability of products, and the other risks detailed in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update forward looking statements to reflect events or circumstances after the date such statements were made.


Footstar, Inc.
Same Store Sales
Change from Prior Year

Four Weeks Twenty-one Weeks
Ended Ended
May 27, 2000 May 27, 2000
------------ ------------

Meldisco 7.9% 4.4%
(1) Athletic segment 6.4% (3.3%)
Footstar, Inc. 7.5% 1.7%

(1) The Athletic segment includes sales of Footaction and Just For
Feet. Since Just For Feet's stores are treated as new stores,
same store sales represent only Footaction's performance for the
indicated periods.