Foot Locker 2011 Annual Report Download - page 29

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Failure to fully comply with Section 404 of the Sarbanes-Oxley Act of 2002 could negatively affect
our business, the price of our common stock and market confidence in our reported financial
information.
We continue to document, test, and monitor our internal controls over financial reporting in order to
satisfy all of the requirements of Section 404 of the Sarbanes-Oxley Act of 2002; however we cannot be
assured that our disclosure controls and procedures and our internal controls over financial reporting will
prove to be completely adequate in the future. Failure to fully comply with Section 404 of the
Sarbanes-Oxley Act of 2002 could negatively affect our business, the price of our common stock, and
market confidence in our reported financial information.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
The properties of the Company and its consolidated subsidiaries consist of land, leased stores,
administrative facilities, and distribution centers. Gross square footage and total selling area for the
Athletic Stores segment at the end of 2011 were approximately 12.45 and 7.38 million square feet,
respectively. These properties, which are primarily leased, are located in the United States, Canada, various
European countries, Australia, and New Zealand.
The Company currently operates four distribution centers, of which two are owned and two are leased,
occupying an aggregate of 2.4 million square feet. Three of the four distribution centers are located in the
United States and one is in the Netherlands.
Item 3. Legal Proceedings
Information regarding the Company’s legal proceedings is contained in the Legal Proceedings note under
‘‘Item 8. Consolidated Financial Statements and Supplementary Data.’’
Item 4. Mine Safety Disclosures
Not applicable.
9