The scanners will allow consumers to make purchases in apps that build in Apple Pay, the new mobile payment system that Apple will officially ...
For the quarter ended Nov. 1, Foot Locker’s web sales rose by 10% to $77 million from $70 million in the third quarter of 2007. In comparison, total sales and comparable store sales dropped by 3.5% and 1.7%, respectively.
E-commerce sales lapped total revenue and comparable store sales for Foot Locker Inc. in the third quarter.
For the quarter ended Nov. 1, web sales rose by 10% to $77 million from $70 million in the third quarter of 2007. In comparison, total sales and comparable store sales dropped by 3.5% and 1.7%, respectively. Overall the web accounted for 6% of total revenue in Q3.
In the third quarter, Foot Locker, No. 51 in the Internet Retailer Top 500 Guide, reported net income of $24 million on revenue of $1.30 billion, compared with a net loss of $33 million on sales of $1.36 billion in the prior year. “Our third quarter financial results reflected the extremely challenging retail environment in the U.S. marketplace,” says CEO Matthew D. Serra.
For the first three quarters, e-commerce sales for Foot Locker increased by 10.2% to $217 million from $197 million in the previous year. Overall in the first three quarters the retailer posted net income of $45 million on sales of $3.92 billion vs. a net loss of $34 million on sales of $3.95 billion in the prior year.
In the third quarter Foot Locker purchased CCS, dELiA*s Inc.’s direct-to-consumer business targeting skateboarding teens, for $102 million in cash.
CCS sells skateboard footwear, apparel and accessories in the U.S. through catalogs and the Internet. Revenue is expected to exceed $80 million in 2009, the companies say. The typical CCS customer is a skateboarding teenage boy.
CCS will be integrated with Foot Locker’s other e-commerce businesses, Serra told analysts on the company’s third quarter earnings call. “FootLocker.com is expected to be able to contribute meaningfully to CCS` profitability by integrating most of CCS’ operational needs within their well-run and solid infrastructure,” he said.