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JD Sports buys Shoe Palace for $325 million to expand U.S. footprint

JD Sports buys Shoe Palace for $325 million to expand U.S. footprint

December 15, 2020

(Reuters) – Britain’s biggest sportswear retailer JD Sports said on Tuesday it had acquired U.S.-based shoe retailer Shoe Palace for $325 million.

The company said the deal would expand its footprint in the U.S. West Coast and increase its appeal among Hispanic and Latino consumers, who form a significant proportion of Shoe Palace’s customer base.

(Reporting by Aniruddha Ghosh in Bengaluru; Editing by Aditya Soni)

The post JD Sports buys Shoe Palace for 5 million to expand U.S. footprint first appeared on One America News Network.

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