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January 31, 2002

USA: Footstar Posts Rise In Same-Store Sales

Leading US footwear retailer Footstar Inc on Thursday announced an 8.9 per cent jump in same-store sales for January compared to the year-ago period thanks to strong sales of winter boots. In a statement, the New York-based firm added it has received payment for all sales proceeds due from bankrupt retailer Kmart Corp and would continue to operate its footwear departments in Kmart stores.

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