June 16, 2010, 2:52 PM

Foot Locker kicks off Q1 with 2.4% in web sales growth

The web accounted for about 6.6% of total sales in Q1, down slightly from the previous year.

Lead Photo

Foot Locker Inc. reported web sales increases online and in stores for the first quarter of fiscal 2010.

For the quarter ended May 1, Foot Locker reported:

  • Web sales were $85 million, a 2.4% increase from $83 million in the prior year quarter.
  • Total sales were $1.281 billion, up by 5.3% from $1.216 billion.
  • Comparable-store sales increased by 4.8%.
  • Net income was $54 million, a 74.2% increase from $31 million in Q1 2009.

E-commerce represented 6.6% of sales, compared with 6.8% in the same quarter last year, according to Internet Retailer estimates.

Foot Locker operates FootLocker.com, LadyFootLocker.com, Eastbay.com, FootAction.com, KidsFootLocker.com, ChampsSports.com and CCS.com, which sell footwear and accessories, fan gear, and skateboarding equipment.

During the first quarter, Foot Locker, No. 52 in the Internet Retailer Top 500 Guide, opened 14 new stores, remodeled or relocated 42 stores and closed 29. As of May 1, the company operated 3,485 stores in 21 countries.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Sven Hammar / E-Commerce

4 ways to keep customers from abandoning your shopping cart

Think of the 69% industry average cart abandonment rate as an opportunity to win incremental ...

FPO

Ralph Tkatchuk / E-Commerce

5 ways retailers can reduce shopping cart abandonment

There are steps web merchants can take all along the path to purchase that can ...

Advertisement