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The Internet was the only channel that posted an increase in sales for Foot Locker in the second quarter. Web sales for the quarter ended Aug.1 increased 6.2% while comparable-store and total sales declined by 12.1% and 15.4%, respectively.
The Internet was the only channel that posted an increase in sales for Foot Locker Inc. in the second quarter.
For the quarter ended Aug.1:
- Web sales grew 6.2% to $69 million from $65 million.
- Total sales declined year over year 15.4% to $1.1 billion from $1.3 billion.
- The web accounted for 6.3% of sales compared with 5% in the second quarter of 2008.
- Comparable-store sales fell 12.1%.
- The retailer says its broke even in the second quarter compared with net income of $18 million in the previous year.
For the first two quarters:
- Web sales grew 8.6% to $152 million from $140 million.
- Total sales decreased 11.6% to $2.3 billion from $2.6 billion.
- Net income increased 47.6% to $31 million from $21 million.
- Comparable-store sales fell 7.3%.
- The web accounted for 6.6% of sales compared with 5.6% in the prior year.