Specialist athletic footwear retailer Foot Locker said on August 20 that it had achieved no profit in the second quarter, as sales at its stores fell more than expected.
The company, whose chains include Foot Locker, Lady Foot Locker and Champs Sports, reported break-even net income and earnings per share in the second quarter, ended August 1, compared to earnings of $18 million a year earlier.
Sales fell to $1.10 billion from $1.30 billion a year earlier.
Observers told Reuters that the athletic footwear industry has been in a slump for a year as consumers have cut back on discretionary purchases.

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