Friday, November 17, 2006

Foot Locker (FL) Said Sale Rumors are Untrue

At a conference call, Foot Locker, Inc. (NYSE: FL) CEO Matthew D. Serra stated, "The continued rumors in the press regarding Foot Locker being involved in discussions of a potential sale of the Company are not true. There are no discussions taking place, nor have there been."
The company said several months ago they hired Evercore Partners The Parthenon Group, and said "Based on our assessment of their work, we continue to be confident about our business and our ability to generate long-term shareholder value by executing our strategic plan."



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