Foot Locker to buy two shoe store chains for $1.1 billion

FILE PHOTO: People queue during Black Friday sales in front of a Foot Locker shoe store, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland November 27, 2020. REUTERS/Arnd Wiegmann

(Reuters) -Foot Locker Inc will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday.

The company is buying California-based shoe store chain WSS for $750 million and Japanese streetwear retailer Atmos for $360 million, it said in separate statements.

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