Foot Locker 2005 Annual Report Download - page 22

PART II
Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Information regarding the Company’s market for stock exchange listings, common equity, quarterly high and low
prices and dividend policy are contained in the “Shareholder Information and Market Prices” footnote under “Item 8.
Consolidated Financial Statements and Supplementary Data.”
This table provides information with respect to purchases by the Company of shares of its Common Stock during the
fourth quarter of 2005:
Total Number
of Shares
Purchased
Average
Price
Paid per
Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Program
(1)
Approximate Dollar Value
of Shares that May Yet be
Purchased Under the
Program
(1)
October 30, 2005 to November 26, 2005 ...... 50,000 $21.975 50,000 $28,967,188
November 27, 2005 to December 31, 2005 .... 629,600 22.183 629,600 15,000,972
January 1, 2006 to January 28, 2006 ......... — — — 15,000,972
Total .......................................... 679,600 $22.167 679,600
(1) On November 20, 2002, the Company announced that the Board of Directors authorized the purchase of up to $50 million of the Company’s Common
Stock; of which 1,589,800 shares have been purchased for approximately $35 million. This authorization terminated on February 3, 2006. On
February 15, 2006, the Company announced that its Board of Directors authorized a new $150 million, 3-year repurchase program.
Item 6. Selected Financial Data
Selected financial data is included as the “Five Year Summary of Selected Financial Data” footnote in “Item 8.
Consolidated Financial Statements and Supplementary Data.”
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Business Overview
Foot Locker, Inc., through its subsidiaries, operates in two reportable segments — Athletic Stores and Direct-to-
Customers. The Athletic Stores segment is one of the largest athletic footwear and apparel retailers in the world, whose
formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports and Footaction (beginning May 2004).
The Direct-to-Customers segment reflects Footlocker.com, Inc., which sells, through its affiliates, including Eastbay, Inc.,
to customers through catalogs and Internet websites.
The Foot Locker brand is one of the most widely recognized names in the market segments in which the Company
operates, epitomizing high quality for the active lifestyle customer. This brand equity has aided the Company’s ability
to successfully develop and increase its portfolio of complementary retail store formats, specifically, Lady Foot Locker and
Kids Foot Locker, as well as Footlocker.com, Inc., its direct-to-customers business. Through various marketing channels,
including television campaigns and sponsorships of various sporting events, Foot Locker, Inc. reinforces its image with
a consistent message: namely, that it is the destination store for athletic footwear and apparel with a wide selection of
merchandise in a full-service environment.
Athletic Stores
The Company operates 3,921 stores in the Athletic Stores segment. The following is a brief description of the Athletic
Stores segment’s operating businesses:
Foot Locker — Foot Locker is a leading athletic footwear and apparel retailer. Its stores offer the latest in athletic-
inspired performance products, manufactured primarily by the leading athletic brands. Foot Locker offers products for a
wide variety of activities including running, basketball, hiking, tennis, aerobics, fitness, baseball, football and soccer.
Its 2,121 stores are located in 20 countries including 1,398 in the United States, Puerto Rico, the United States Virgin
Islands and Guam, 128 in Canada, 501 in Europe and a combined 94 in Australia and New Zealand. The domestic stores
have an average of 2,100 selling square feet and the international stores have an average of 1,500 selling square feet.
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