September 12, 2007, 12:00 AM

E-commerce keeps on running, but overall sales flat at Foot Locker

E-commerce sales for Foot Locker Inc. in the second quarter grew by 5.6% while total sales declined by 1.6%. For the first six months of the year, web sales totaled $127 million.

E-commerce sales for Foot Locker Inc. in the second quarter grew by 5.6% while total sales declined by 1.6%.

For Q2, web sales for Foot Locker, No. 44 in the Internet Retailer Top 500 Guide, reached $57 million, compared with $54 million in Q2 2006. For the first six months of the year, web sales totaled $127 million, an increase of 6.7% from web sales of $119 million in the prior year.

Overall Foot Locker in the second quarter had a net loss of $1 million on revenue of $1.28 billion vs. net income of $73 million on sales of $1.3 billion in Q2 2006. Comparable store sales declined by 7.3%. “Our second quarter results reflected lower than expected sales and the impact of a strategic decision to significantly accelerate the clearance of slow-selling merchandise inventory in our U.S. stores,” says Foot Locker CEO Matthew D. Serra.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Joe Kleinwaechter / Mobile Commerce

How to make it easier for shoppers to buy on mobile devices

They want to browse online, continue their search on mobile websites and complete a purchase ...

FPO

Bart Mroz / E-Commerce

Offer last-minute back-to-school promotions online

Web-only offers require no extra inventory in stores. Check with local school districts and promote ...

Advertisement