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EXHIBIT 12
VENATOR GROUP, INC.
VENATOR GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(Unaudited)
($ in millions)
Thirteen weeks ended Fiscal Year Ended
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May 5 April 29, Feb. 3, Jan 29, Jan. 30, Jan 31, Jan.25,
2001 2000 2001 2000 1999 1998 1997
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NET EARNINGS
Income from continuing operations $ 32 $ 23 $ 107 $ 59 $ 14 $185 $185
Income tax expense (benefit) 21 15 69 38 (28) 104 124
Interest expense, excluding capitalized
interest 8 11 41 65 57 41 53
Portion of rents deemed representative of
the interest factor (1/3) 39 43 155 170 161 146 140
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$ 100 $ 92 $372 $ 332 $204 $476 $ 502
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FIXED CHARGES
Gross interest expense $ 8 $ 11 $ 42 $ 67 $ 64 $ 41 $ 53
Portion of rents deemed representative of
the interest factor (1/3) 39 43 155 170 161 146 140
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$ 47 $ 54 $ 197 $ 237 $225 $187 $ 193
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RATIO OF EARNINGS TO FIXED CHARGES 2.1 1.7 1.9 1.4 0.9 2.5 2.6
Earnings were not adequate to cover fixed charges by $21 million for the fiscal
year ended January 30, 1999.