Foot Locker completes acquisition
Specialist athletic footwear retail group Foot Locker has completed its acquisition of WSS for $750 million. WSS is a sports shoe retail group with more than 90 stores in California, Texas, Arizona, and Nevada.
Foot Locker announced its intention to acquire WSS in early August. It said WSS’s popularity among Hispanic consumers was one of the reasons it wanted to secure the deal. “WSS is a highly complementary addition to our portfolio, and we are excited to officially welcome its team to the Foot Locker family,” said chief executive, Richard Johnson.
WSS will maintain its name, and operate as a new brand within the Foot Locker portfolio, with Rick Mina as senior vice-president and WSS general manager and newly appointed Anthony Aversa as ITS chief operating officer.
