RTTNews | Aug 2, 2021 07:45AM EDT

07:44 Monday, August 2, 2021 (RTTNews.com) - Specialty athletic retailer Foot Locker, Inc. (FL), on Monday, announced a definitive agreement to acquire Eurostar, Inc., or WSS, for $750 million. WSS is an athletic-inspired retailer focused on the Hispanic consumer demographic, operating a fleet of 93 off-mall stores across California, Texas, Arizona, and Nevada.

WSS recorded approximately $425 million in revenue in its fiscal 2020 and a three-year revenue CAGR of approximately 15%. Foot Locker anticipates the acquisition to be accretive to company's earnings per share in fiscal 2021.

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