Foot Locker deals expand footprint in U.S. Hispanic markets and Asia
CBSN
Foot Locker is acquiring a pair of companies in deals worth more than $1 billion to expand the company's footprint in US. Hispanic markets and in the Asia-Pacific region.
The New York-based company said Monday it's buying athletic footwear and clothing company Eurostar Inc. for $750 million. Eurostar concentrates on Hispanic consumers, running 93 stores in California, Texas, Arizona and Nevada. The company had approximately $425 million in fiscal 2020 revenue. Foot Locker also announced it's buying Text Trading Co., which owns and licenses a Japanese retailer called atmos, for $360 million. The transaction accelerates Foot Locker's Asia-Pacific expansion; atmos, with fiscal 2020 revenue of about $175 million, has 49 stores worldwide.Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.
The knock at the door came at nighttime on Mother's Day 2008 in Oregon, where Jessica Ellis' parents lived. It was around 9:20 p.m. and his wife, Linda, was already in bed; her father Steve Ellis told CBS News, that he thought someone let their animals out — but two soldiers in Class A uniforms were standing at the door.