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Retailing

May 20, 1999

Venator Group Inc., whose chains include Foot Locker and Champs Sports, said it lost $11 million, or 8 cents a share, in the fiscal first quarter, slightly better than the loss of 9 cents that analysts expected, citing higher real estate costs as it added new stores. The company had profit from continuing operations of $8 million, or 6 cents, a year earlier. Sales edged up 2% to $1.08 billion. The most recent quarter included a $5-million deferred gain from the 1998 sale of its headquarters in New York. The results were announced after the close of trading in New York.

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