The athletic specialty division of Footstarreported an operating profit of $8.9 million versus $8.1 millionlast year on a 6.9 per cent comp store sales gain. Total Footactionrevenues rose 20 per cent to $164.6 million against $137.7 millionfor the period ended Apr. 4. The company attributed the revenuegains to strong results from the Air Jordan, Team Jordan, runningshoes and apparel.

The chain, which reported better sell-throughsof aged merchandise, said gross margins were negatively impactedby higher markdowns and occupancy costs.Overall ... Log in to view full article.