December 6, 2006, 12:00 AM

Foot Locker web sales climb 7%

Foot Locker Inc. grew its web sales 6.8% in the third quarter while total sales increased by 1.6%. For the first nine months of the year, Foot Locker’s web sales totaled $182 million.

Bill Briggs

Senior Editor

Foot Locker Inc. grew its web sales 6.8% in the third quarter while total sales increased by 1.6%.

The retailer’s e-commerce sales in Q3 totaled $63 million vs. $59.3 million in Q3 2005. Total sales increased slightly to $1.43 billion, compared with sales of $1.40 billion for the same quarter in 2005.

For the first nine months of the year, Foot Locker’s web sales totaled $182 million, an increase of 13.1% from online sales of $160.9 million for the same period in 2005. “The company’s earnings per share for the third quarter were slightly higher than our expectation going into the period,” says Foot Locker CEO Matthew D. Serra. “While our comparable-store sales continued to be negatively affected by a challenging athletic retail market in Europe, we were able to stabilize our earnings in this region versus the comparable period of last year and capitalize on business opportunities in other areas where we operate.”

Foot Locker is No. 44 in the Internet Retailer Top 500 Guide to Retail Web Sites.

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