Foot Locker to Acquire CCS

Ryan, Thomas J.
October 2008
SGB;Oct2008, Vol. 41 Issue 10, p8
Trade Publication
The article reports on the plan of Foot Locker Inc. to buy CCS Inc. from Delias Inc. for $102 million. Accordingly, the acquisition of CCS Inc. which sells apparel, skateboard footwear and accessories through Internet and catalog, will provide growth of opportunity as its appeal to teenaged male. Chief executive officer (CEO) Matthew Serra of Foot Locker Inc. said the plan is inline with the strategy to acquire apparel retailers and athletic footwear which are compatible with the businesses.


Related Articles

  • Foot Locker Said Eyeing Possible Acquisition Target. Young, Vicki M. // WWD: Women's Wear Daily;3/12/2007, Vol. 193 Issue 52, p15 

    The article reveals the plan of Foot Locker Inc. to make an acquisition. There are speculation on three possible targets: Famous Footwear, Rack Room Shoes and Genesco. Foot Locker once eyed Famous Footwear, and had bid $700 million, but that was rejected by Brown Shoe. According to Foot Locker...

  • CCS Skate Stores Begin Rollout In NJ, California. Pallay, Jessica // FN: Footwear News;6/29/2009, Vol. 65 Issue 25, p2 

    The article reports on the move of the online skate retailer CCS to open skate stores in New Jersey and California. It mentions that its first retail shop opened on April 30, 2009 and its second store on June 10 in Santa Monica, California. It states that the footwear company Foot Locker Inc....

  • Fl Buys Into Skate With CCS. Derby, Meredith // FN: Footwear News;10/6/2008, Vol. 64 Issue 38, p2 

    The article reports on the plan of Foot Locker Inc. to buy online and catalog skate retailer CCS from Delia's Inc. in New York. It reveals that Foot Locker, which will purchase the retailer for $102 million, is looking for an entry in the business for several months. It also indicates that the...

  • Foot Locker Joins Skate Fray With CCS. Pallay, Jessica // DNR: Daily News Record;10/6/2008, Vol. 38 Issue 40, p13 

    The article reports on the acquisition of the direct-to-consumer skate retailer CCS by Foot Locker Inc. from Delia's Corp. for 102 million in the U.S. The athletic footwear retailer expects the said acquisition to close within the next 60 days, and to be accretive to its reduced EPS results...

  • FOOT CHAIR.  // WWD: Women's Wear Daily;11/20/2003, Vol. 186 Issue 106, p2 

    Reports on Foot Locker Inc. president and chief executive Matthew Serra's promotion as chairman of the retail firm.

  • CEO: Foot Locker Not for Sale.  // WWD: Women's Wear Daily;11/20/2006, Vol. 192 Issue 107, p14 

    The article reports that Foot Locker Inc. has no plans to sell, according to Matthew D. Serra, chairman and chief executive officer. The continued rumors in the press regarding Foot Locker being involved in discussions of a potential sale of the company are not true, the CEO stated. He further...

  • Foot Locker.  // SGB;Mar/Apr2010, Vol. 43 Issue 2, p10 

    The article reports on Foot Locker Inc.'s 5-year growth plan to achieve net income margins of 5% and 6 billion dollars of annual sales. It is stated that the introduction of more entry-level-priced shoes and extension of its target group at its core Foot Locker chain are some of the other parts...

  • Will Foot Locker Jump Higher For Genesco? Hamerman, Joshua // Mergers & Acquisitions Report;4/30/2007, Vol. 20 Issue 17, p1 

    The article focuses on the unsolicited offer issued by Foot Locker Inc. for the shares of Genesco Inc. Foot Locker released its offer for Genesco in a letter written by chief executive officer Matthew Serra on April 4, 2007. However, Genesco rejected Foot Locker's offer, which, in turn,...

  • FL Back In Black In Third Quarter. Derby, Meredith // FN: Footwear News;11/24/2008, Vol. 64 Issue 45, p2 

    The article reports on the third-quarter profit gained by Foot Locker Inc. despite a slight decline in sales in the U.S. Foot Locker has hit a $24 million profit from a loss of $33 million in 2007 which was driven by sales strength abroad. Chairman Matthew Serra said its third-quarter financial...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics