Foot Locker To Buy Two Shoe Chains for $1.1 Billion USD

Foot Locker is buying two smaller shoe chains in deals totaling approximately $1.1 billion USD in cash. The company will acquire the California-based outlet chain WSS for $750 million USD and the Japanese streetwear boutique franchise atmos for $360 million USD in two separate deals.The purchase is part of Foot Locker's effort to expand their business beyond malls and within the Asian sneaker market. While sneaker sales have been up for the company due to pandemic-influenced shopping habits, its...