Foot Locker Net Gains As U.S. Business Strengthens
Although Europe remains a weak spot in its global picture, some solid gains in the core U.S. market have Big Foot feeling like its momentum is back as it reported net income of $88 million for the second quarter ended Aug. 4, up 73% from $51 million last year, with sales up 5% to $1,782 million from $1,701 million. Comp store sales overall were up 0.5% as low-single-digit declines in both Europe and Asia were offset by a strong North America performance led by a high-single-digit gain at Eastbay, a mid-single-digit gain at Champs, low-single-digit gains at Kids Foot and ... Log in to view full article.