Foot Locker’s e-commerce sales outrun overall revenue for Q1

Foot Locker Inc. increased its web sales 7.7% in Q1 2007 while total sales declined by 3.6%.

Top 500 Guide

For the first quarter of 2007 Foot Locker posted e-commerce revenue of $70 million vs. $65 million in the first quarter of 2006.

Foot Locker, No. 44 in the Internet Retailer Top 500 Guide, also posted net income of $17 million on revenue of $1.31 billion compared with net income of $59 million on revenue of $1.36 billion in the prior year. “Our first quarter financial results reflected a weak performance in each of our U.S. businesses partially offset by a solid profit increase at our international operations,” says CEO Matthew D. Serra.

In Q1 the web represented 5% of Foot Locker’s total sales.