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The WSJ reports that Foot Locker will spend $ 1.1 billion to buy two retailers

Foot Locker Co., Ltd.
FL,
+ 0.46%

According to the company, it spends about $ 1.1 billion in cash to buy the two retailers in separate transactions and will be announced as early as Monday. The Wall Street Journal Report.. Foot Locker shares were still inactive in pre-market transactions. Citing people familiar with the matter, WSJ reports that athletic shoe and apparel retailers are 750 to buy Los Angeles-based athletic retailer WSS as Foot Locker seeks to expand. He has paid $ 360 million to buy Atmos, a Japanese-based sneaker and streetwear retailer. Beyond US shopping malls. According to a WSJ report, WSS, which recorded revenue of $ 425 million in 2020, has 93 stores on the west coast and southwest, and Atmos recorded $ 175 million in 2020, most of which. Is in Japan and a few stores are in the United States. Foot Locker’s share price has risen 41.1% so far, but the S & P 500
SPX,
-0.54%

It is 17.0% ahead.

The WSJ reports that Foot Locker will spend $ 1.1 billion to buy two retailers

Source link The WSJ reports that Foot Locker will spend $ 1.1 billion to buy two retailers

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