BY CHRISTOPHER C. WILLIAMS
Barron's Online
FOOT LOCKER, THE NATION'S LARGEST RETAILER OF athletic footwear, is poised to seize victory from the jaws of de feet.
The New York-based chain, with about $5 billion of annual revenue and 3,641 mostly mall-based stores, felt the sting of recession long before the rest of the retail sector. Sales at stores open at least a year -- a critical retail metric -- have been sliding since 2006, amid a fashion shift toward casual shoes and away from bulky sneakers.
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