For the full year, the company reported net income of $53 million compared with net income of $251 million last year. Income from continuing operations was $51 million versus $247 million in 2006.

Foot Locker reported that sales had decreased 5.4%, to $5.4 billion, compared to $5.75 billion in the 2006 fiscal year, which, owing to a change in reporting, had one extra trading week.

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