Sponsors
Billabong ▼ -0.010 | PPR ▼ 0.00 | American Apparel ▲ +0.002 | The Buckle ▼ -0.05 | Columbia ▼ -0.18 | Deckers Outdoor ▼ -0.37 | Dicks ▲ +0.32 | Foot Locker ▼ -0.28 | Genesco ▲ +0.23 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▲ +0.26 | Nordstrom ▼ -0.35 | Luxottica ▲ +0.01 | Nike ▼ -0.26 | Pacific Sunwear ▲ +0.06 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.31 | VF Corp ▲ +1.66 | Quiksilver ▼ 0.00 | Zumiez ▲ +0.17 | Macys ▲ +0.24 | Tillys ▼ -3.22 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Industry Insight

SIMA: Sponsorship opportunities now available for Waterman's Weekend, Aug. 14-15.
ROTH CAPITAL PARTNERS: CEO Byron Roth, athletes including Amy Purdy to be honored by Challenged Athletes Foundation.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Weak U.S. sales hurt Foot Locker in Q3

By Tiffany Montgomery
November 20, 2009 8:30 AM

Foot Locker said third quarter earnings were hurt by weak sales in the U.S., though vulcanized lifestyle shoes, including Converse styles, were a bright spot.

U.S. same-store sales declined in the low double digits, each region was weak, and product sales for both genders fell, with women’s sales more challenging than men’s.

(Click here to read what executives said about the performance of its online retailer CCS, an important industry customer.)

European comps were flat and showed much improvement in October.

Foot Locker Canada declined in the low single digits, while the Asia/Pacific region posted a mid-single digit comp store gain.

Overall, total company sales declined 7.3% to $1.2 billion.

Foot Locker recorded a net loss of $6 million vs. a profit of $24 million a year earlier.

Excluding an impairment charge, the company had net income of $16 million in the third quarter of 2009.

Foot Locker owns 3,601 stores around the world.

 

 

 

 

 

 

 

 


More on: earnings, Foot Locker

Articles You Might Have Missed