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.

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        Foot Locker, Inc., 112 West 34th Street, New York, New York 10120