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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ------------------ Date of Report (Date of earliest event reported): May 7, 2004 - -------------------------------------------------------------------------------- FOOT LOCKER, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) New York No. 1-10299 13-3513936 - ----------------------------- ------------------- -------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number Identification No.) 112 West 34th Street, New York, New York 10120 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 720-3700 -------------- Item 5. Other Events. On May 7, 2004, Foot Locker, Inc. announced that it had closed its purchase of approximately 350 Footaction stores from Footstar, Inc. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release of Foot Locker, Inc. dated May 7, 2004 announcing the closing of Foot Locker, Inc.'s purchase of Footaction stores from Footstar, Inc. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned being hereunto duly authorized. FOOT LOCKER, INC. -------------------------- (Registrant) Date: May 11, 2004 By: /s/ Bruce L. Hartman -------------------------- Bruce L. Hartman Executive Vice President and Chief Financial Officer
Exhibit 99.1 [FOOT LOCKER, INC. LOGO] N E W S R E L E A S E ----------------------- CONTACT: Peter D. Brown Vice President, Investor Relations and Treasurer Foot Locker, Inc. (212) 720-4254 FOOT LOCKER, INC. ANNOUNCES THE CLOSING OF ITS PURCHASE OF FOOTACTION STORES FROM FOOTSTAR, INC. NEW YORK, NY, May 7, 2004 - Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today announced that the Company had closed its purchase of approximately 350 Footaction stores from Footstar, Inc. Footstar, Inc. filed for Chapter 11 bankruptcy protection on March 2, 2004, which requires that any disposition of its Footaction stores would be entered into under a Bankruptcy Code Section 363 sale process. The U.S. Bankruptcy Court subsequently approved the sale on April 21, 2004 and the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on May 4, 2004. Foot Locker, Inc. plans to report its first quarter 2004 results on Wednesday, May 19, 2004. A conference call is scheduled on May 20, 2004 for 10:00 a.m. ET to discuss these results, provide guidance with regard to its earnings outlook for 2004 and review the details of the Footaction acquisition. Foot Locker, Inc. is a specialty athletic retailer that operates approximately 3,600 athletic retail stores in 16 countries in North America, Europe and Australia. Through its Foot Locker, Lady Foot Locker, Kids Foot Locker and Champs Sports retail stores, as well as its direct-to-customer channel Footlocker.com/Eastbay, the Company is the leading provider of athletic footwear and apparel. Disclosure Regarding Forward-Looking Statements This press release contains forward-looking statements, which reflect management's current views of future events and financial performance. These forward-looking statements are based on many assumptions and factors detailed in the Company's filings with the Securities and Exchange Commission, including the effects of currency fluctuations, customer demand, fashion trends, competitive market forces, uncertainties related to the effect of competitive products and pricing, customer acceptance of the Company's merchandise mix and retail locations, the Company's reliance on a few key vendors for a majority of its merchandise purchases (including a significant portion from one key vendor), unseasonable weather, risks associated with foreign global sourcing, including political instability, changes in import regulations, disruptions to transportation services and distribution, and the presence of severe acute respiratory syndrome, economic conditions worldwide, any changes in business, political and economic conditions due to the threat of future terrorist activities in the United States or in other parts of the world and related U.S. military action overseas, the ability of the Company to execute its business plans effectively with regard to each of its business units, including its plans for the marquee and launch footwear component of its business, and its plans for the integration of the Footaction stores. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. # # # Foot Locker, Inc., 112 West 34th Street, New York, New York 10120