Author: Albena Toncheva
123jump.com
Last Update: 6:16 AM EST November 20 2006

The revenue of the world’s largest retailer of athletic shoes grew 1.6% over prior year to $1.43 billion, with 0.3% drop in same store sales. The management denied rumors about the potential sale of the company and stated that it had hired Evercore Partners to advise it on a range of matters and Parthenon Group to assist it in reviewing its business plan. Foot Locker is launching a new retail format called Footquarters and expects to open 30 stores in the spring of 2007.