Foot Locker’s Big Purchase

Foot Locker ($FL@US) announced that they have agreed to a deal to acquire two shoe store chains for a combined $1.1 billion. Foot Locker wants to expand beyond malls and increase its Asian presence, making California-based WSS and Japanese-based Atmos pertinent purchases. Shares of Foot Locker were down 2.24% at press time. #California

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