Dive Summary:
- Foot Locker has announced the completion of its acquisition of the specialty athletics store Runners Point Group.
- The two companies, which both sell athletic apparel, will reportedly be combined into a single entity. Runners Point currently operates over 200 athletic retail stores.
- Foot Locker already operates over 600 European locations, and many experts believe the buyout signals a significant European expansion for Foot Locker.
From the article:
Foot Locker, Inc. is a specialty athletic retailer that as of May 4, 2013 operated 3,321 stores in 23 countries in North America, Europe, Australia, and New Zealand. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker, and Champs Sports retail stores, as well as its direct-to-customer channels, including footlocker.com, Eastbay and CCS.com, the Company is a leading provider of athletic footwear and apparel.
