Foot Locker 2005 Annual Report Download - page 10
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8
In terms of number of stores, annual sales volume and,
most importantly, profitability, Champs Sports is the
Company's second largest division in North America.
Champs Sports stores are primarily mall-based and offer
for sale athletic footwear, apparel and equipment through
a total of 556 specialty stores, of which 520 are located in
the United States and 36 in Canada. The typical Champs
Sports store averages 5,500 gross square feet, with mer-
chandise that targets a suburban consumer who is 12 to
25 years old and is both performance and fashion-con-
scious.
Champs Sports had an outstanding year in 2005, gen-
erating a low double digit comparable-store sales
increase and a significant profit improvement over the
prior year. In fact, the Champs Sports division sales and
profits reached record levels last year, with a division prof-
it margin rate in the high single digit range. Additional
quantities of high priced marquee athletic footwear and
more fashion-right assortment of private-label and brand-
ed apparel offerings contributed to the strong sales
growth.
The Company is encouraged that Champs Sports store
locations and product offerings are well positioned in the
athletic marketplace and expects the division to post solid
increases in sales and profit in 2006. Given the renewed
strength of this division, additional store growth is
planned, primarily in shopping malls located in suburban
markets in the United States.
The Company is encouraged that Champs Sports store locations
and product offerings are well positioned in the athletic market-
place and expects the division to post solid increases in sales
and profits in 2006.