Fleet Feet, Inc. reported sales jumped 19% for fiscal 2007 with a 15% increase in comparable store sales. Net sales surpassed $75 million in revenue compared to $63 million in 2006. Twenty five stores recorded $1 million in annual sales in 2007 with the addition of four stores to these ranks. Average sales for stores opened for two or more years surpassed the million dollar mark for the first time, growing to $1.075 million in 2007.
Fleet Feet, Inc. added 12 new franchise owners to the network in 2007. Ten new locations were opened and three existing locations changed ownership. Three of the new franchise owners are former store employees, bringing the total number of franchises owned by former employees to 18. Fleet Feet plans to open 12 new stores in 2008.
