In the quarter which ended on the 4th August, store sales at Foot Locker increased by 0.5% while total sales rose by 4.8% to $1.782 billion.
Lauren Peters, executive vice president and chief financial officer of Foot Locker, said "The company continued its disciplined approach to inventory management in the period which is helping it to improve the flow of merchandise assortments into the business"
Peters added: “We are encouraged by the results we delivered, including a return to growth on the top line combined with gross margin expansion.”
Richard Johnson, chairman and chief executive of Foot Locker, said: “Our performance reflects the work we are doing on several fronts to position the company to succeed in a rapidly evolving retail environment. We remain optimistic that our improving product flow and depth in premium styles positions us to deliver stronger comparable sales growth in the second half of 2018.”
