Foot Locker, Inc. – ‘3’ on 6/10/96 re: Kids Mart Inc.

As of:  Monday, 6/10/96   ·   Accession #:  950172-96-282   ·   File #:  0-21910

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Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Initial Statement of Beneficial Ownership of           2±     9K 
                Securities by an Insider                                         


FORM 3                              
U.S. SECURITIES AND EXCHANGE COMMISSION           _________________ 
        WASHINGTON, D.C.  20549                  |   OMB APPROVAL  |
         INITIAL STATEMENT OF                    |_________________|
  BENEFICIAL OWNERSHIP OF SECURITIES             |OMB NUMBER:      |
                                                 |        3235-0104|
                                                 |EXPIRES:         |
                                                 | APRIL 30, 1997  |
Filed pursuant to Section 16(a) of the             |ESTIMATED AVERAGE|  
Securities Exchange Act of 1934,                 |BURDEN HOURS     |
Section 17(a) of the Public Utility               |PER RESPONSE 0.5 | 
 Holding Company Act of 1935                     |_________________|
or Section 30(f) of the Investment                                      
Company Act of 1940                                       
  ____________________________________________________________________________
1. Name and Address of Reporting Person                                   

Woolworth Corporation                                               
233 Broadway                                                        
New York, NY  10279                                                 
  ____________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)                     
5/31/96                                                             
  ____________________________________________________________________________
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)          

  ____________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol                               
Kids Mart, Inc. (KIDM)                                              
  ____________________________________________________________________________
5. RELATIONSHIP OF REPORTING PERSON TO ISSUER (CHECK ALL APPLICABLE)      
(  ) DIRECTOR                                                           
(X ) 10% OWNER                                                          
(  ) OFFICER (GIVE TITLE BELOW)                                         
(  ) OTHER (SPECIFY TITLE BELOW)                                        
_____________________________________                                   
 ___________________________________________________________________________
6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)                        

 ===========================================================================
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED                    
  ____________________________________________________________________________
  |1. TITLE OF SECURITY|2. AMOUNT OF   |3. OWNERSHIP |5. NATURE OF INDIRECT  |
  |   (INSTR. 4)       |   SECURITIES  |   FROM      |   BENEFICIAL OWNERSHIP|
  |                    |   BENEFICIALLY|   (D)IRECT  |   (INSTR. 5)          |
  |                    |   OWNED       |   OR        |                       |
  |                    |   (INSTR. 4)  |   (I)NDIRECT|                       |
  |                    |               |   (INSTR. 5)|                       |
  |____________________|_______________|_____________|_______________________|

[TYPE ENTRIES HERE]                                                       

  ============================================================================
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED                       
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)        
  ____________________________________________________________________________
1. Title of Derivative Security (Instr. 4)                                
1,000,000 shares of Series A Convertible Preferred Stock,           
$.0001 par value ("Preferred Stock")                                
  ____________________________________________________________________________
2. Date Exercisable and Expiration Date (Month/Day/Year)                  
5/31/96     None                                                    
  ____________________________________________________________________________
 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
    Common Stock, $.0001 par value ("Common Stock")   1,000,000 [See Note 1]
  ____________________________________________________________________________
4. Conversion or Exercise Price of Derivative Security                    
$10.00 [See Note 2]                                                 
  ____________________________________________________________________________
 5. Ownership Form of Derivative Security: (D)irect or (I)ndirect (Instr. 5)
(D)                                                                 
  ____________________________________________________________________________
6. Nature of Indirect Beneficial Ownership (Instr. 5)                     

  ============================================================================

EXPLANATION OF RESPONSES:                                                     

1 Subject to certain anti-dilution adjustments.                               

2 Each share of Preferred Stock is convertible                                
into a number of shares of Common Stock equal                             
to (i) $10.00 divided by (ii) the conversion                              
price of $10.00, as it may be adjusted from                               
time to time.                                                             

WOOLWORTH CORPORATION                                                         

By: /s/ Gary M. Bahler                              June 10,1996              
_____________________________               _______________________   
**  SIGNATURE OF REPORTING PERSON                      DATE                   
Name:  Gary M. Bahler                                                 
Title: Vice President                                                 

_____________________________                                             

**  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL        
CRIMINAL VIOLATIONS.                                                  

SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).                                 

NOTE:  FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY SIGNED.    
IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘3’ Filing		Date		Other Filings
		4/30/97
Filed on:		6/10/96		SC 13D
				List all Filings