Foot Locker expands in Europe with sportswear gr - sportstextiles: Lea SportsTextiles

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Foot Locker expands in Europe with sportswear group purchase

09/05/2013
Sportswear retailer Foot Locker has bought Runners Point (RPG), a German athletic store, for $94 million.

RPG operates more than 200 stores, mostly in Germany, but also in The Netherlands, Austria, and Switzerland. Its most prominent brands are Runners Point and Sidestep, as well as an online subsidiary, Tredex.

Ken Hicks, Foot Locker CEO, said: "This acquisition will enhance our position in Germany, the strongest economy in Europe, and also provide us with additional banners to further diversify and expand our European business. We intend to leverage Tredex's strong digital capabilities to accelerate growth in our own developing European e-commerce business."

Foot Locker operates 3,335 stores in 23 countries.

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