Foot Locker acquires two retailers for $1.1 billion. The aim of the acquisition is to increase foot locker's sales and jurisdiction outside US shopping malls. The corporation plans on acquiring WSS for $750 million and Atmos, for $360 million. Both companies would provide a larger customer base for Foot Locker, allowing an increase in total revenue.
Acquisition Details
Foot Locker, one of the leading international athletic footwear and apparel retailers, is acquiring two smaller businesses for approximately $1.1 billion in separate cash deals.
The first acquisition, WSS, is of a retailer owned by Eurostar, Inc. WSS has upheld its reputation as an affordable local retailer. With over 94 stores in California, Texas, Arizona and others, WSS has secured a loyal customer base in local...
