SHAREHOLDER ALERT

Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Foot Locker, Inc. of Class Action Lawsuit and Upcoming Deadline – FL

Pomerantz LLP announces that a class action lawsuit has been filed against Foot Locker, Inc. (“Foot Locker” or the “Company”) (NYSE: FL) and certain of its officers. The class action, filed in United States District Court, Eastern District of New York, and docketed under 18-cv-01782, is on behalf of a class consisting of investors who purchased or otherwise acquired securities of Foot Locker between August 19, 2016 and August 17, 2017, both dates inclusive (the “Class Period”). Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased Foot Locker securities between August 19, 2016, and August 17, 2017, both dates inclusive, you have until May 8, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [e-mail] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Foot Locker is a retail footwear company that offers athletics footwear, apparel, and equipment for men, women, and kids. The Company serves customers worldwide. As of October 28, 2017, Foot Locker had 3,349 stores in 23 countries in North America, Europe, Australia and New Zealand.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Foot Locker’s vendors were transitioning to selling through various online retailers, diminishing the utility of Foot Locker’s large number of brick and mortar stores and the once-high value of its exclusivity relationships with those vendors; (ii) competition with online retailers had increased the pricing competition Foot Locker faced while concomitantly lowering demand at its stores; and (iii) as a result, Defendants’ statements about Foot Locker’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.