Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Foot Locker, Inc.    FL

News SummaryMost relevantAll newsSector news 

Foot Locker, Inc. : Completes Acquisition of Runners Point Group

07/10/2013 | 09:20am US/Eastern

NEW YORK, July 10, 2013 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that it has completed its previously announced acquisition of Runners Point Group, the specialty athletic store and online retailer based in Recklinghausen, Germany. The results of the two companies will be combined with an effective date of July 7, 2013.

Runners Point Group operates more than 200 athletic retail stores, principally in Germany under the Runners Point and Sidestep banners, as well as an online business. Runners Point Group had sales in 2012 of 197 million euros (USD 254 million). The acquisition of Runners Point Group represents a significant addition to Foot Locker, Inc.'s European footprint, where it already operates more than 600 Foot Locker stores and had revenue of more than $1 billion in 2012.

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.

    Contact:              John Maurer

                          Vice President,

                           Treasurer & Investor

                          Foot Locker, Inc.

                          (212) 720-4092

SOURCE Foot Locker, Inc.

React to this article
Latest news on FOOT LOCKER, INC.
10/01 FOOT LOCKER : and ASICS America Announce 'Real Lives. Real Runners.' Top Five Sp..
09/30 FOOT LOCKER : Provides Pension Plan Litigation Update
09/25DJFinish Line Shares Fall as Profit Dips
09/24 FOOT LOCKER : And NBA Star James Harden Team Up For 'Play My Tweet'
09/17 FOOT LOCKER : Champs Sports : Rolls out New App to Offer Sneaker Lovers One-Stop..
09/09 FOOT LOCKER : Management's Discussion and Analysis of Financial Condition and Re..
09/05 FOOT LOCKER : BRIEF: VIDEO: Kevin Durant in Madrid: Thunder star draws huge crow..
08/25 FOOT LOCKER : Taps New York Giants Victor Cruz and Odell Beckham, Jr.
08/24 FOOT LOCKER : REPORTS 2015 SECOND QUARTER RESULTS; Net Income of $119 Million, a..
08/24 FOOT LOCKER : Declares Dividend