Foot Locker 2006 Annual Report Download - page 17

1
PART I
Item 1. Business
General
Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic
footwear and apparel, operating 3,942 primarily mall-based stores in the United States, Canada, Europe, Australia, and
New Zealand as of February 3, 2007, Foot Locker, Inc. and its subsidiaries hereafter are referred to as the “Registrant,”
“Company” or “we.” Information regarding the business is contained under the “Business Overview” section in “Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
The Company maintains a website on the Internet at www.footlocker-inc.com. The Company’s filings with the
Securities and Exchange Commission, including its annual reports on Form 10-K, quarterly reports on Form 10-Q,
current reports on Form 8-K, and all amendments to those reports are available free of charge through this website as
soon as reasonably practicable after they are filed with or furnished to the SEC by clicking on the “SEC Filings” link.
The Corporate Governance section of the Company’s corporate website contains the Company’s Corporate Governance
Guidelines, Committee Charters, and the Company’s Code of Business Conduct for directors, officers and employees,
including the Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer. Copies of these documents
may also be obtained free of charge upon written request to the Company’s Corporate Secretary at 112 West 34th
Street, New York, NY 10120. The Company intends to disclose promptly amendments to the Code of Business Conduct
and waivers of the Code for directors and executive officers on the corporate governance section of the Company’s
corporate website.
The Certification of the Chief Executive Officer required by Section 303A.12(a) of The New York Stock Exchange
Listing Standards relating to the Company’s compliance with The New York Stock Exchange Corporate Governance
Listing Standards was submitted to The New York Stock Exchange on June 2, 2006.
Information Regarding Business Segments and Geographic Areas
The financial information concerning business segments, divisions and geographic areas is contained under
the “Business Overview” and “Segment Information” sections in “Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations.” Information regarding sales, operating results and identifiable assets
of the Company by business segment and by geographic area is contained under the “Segment Information” footnote
in “Item 8. Consolidated Financial Statements and Supplementary Data.”
The service marks and trademarks appearing on this page and elsewhere in this report (except for ESPN, NBA, Nike,
Amazon.com, Weekend Edition, The San Francisco Music Box Company, and USOC) are owned by Foot Locker, Inc. or its
subsidiaries.
Employees
The Company and its consolidated subsidiaries had 16,806 full-time and 28,600 part-time employees at February
3, 2007. The Company considers employee relations to be satisfactory.
Competition
Financial information concerning competition is contained under the “Business Risk” section in the “Financial
Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements and Supplementary
Data.”
Merchandise Purchases
Financial information concerning merchandise purchases is contained under the “Liquidity” section in “Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations” and under the “Business Risk”
section in the “Financial Instruments and Risk Management” footnote in “Item 8. Consolidated Financial Statements
and Supplementary Data.”