Foot Locker completes acquisition of Runners Point
New York -- Foot Locker said 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. It had sales in 2012 of $254 million.
The acquisition of Runners Point Group significantly expands Foot Locker's European footprint, where it already operates more than 600 Foot Locker stores and had revenue of more than $1 billion in 2012.