Foot Locker’S Sales Fall, Quarter Ends With Loss

2009-03-12T00:00:00

Fourth-quarter sales for Foot Locker dropped by 11 percent to $1,317 million, with a 7.3 percent decline in comparable store sales. The rate of decline was 7 percent on a currency-neutral basis. The gross margin increased, though, rising by 3.3 percentage points to 28.7 percent, reflecting less promotional activity.

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