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

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

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07/10/2013 | 09:20am EDT

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.

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