Foot Locker, Inc. closed its purchase of CCS, the skate catalog and e-commerce site, from dELiA*s, Inc. for $103.2 million in cash. It is expected that the acquisition of CCS will be accretive to Foot Locker, Inc.'s diluted earnings per share within the first full year of operation.
“We are very pleased with our acquisition of CCS, the leading direct-to-consumers retailer in the United States that sells skateboard footwear, apparel and accessories through catalogs and the Internet,” stated Matthew D. Serra, chairman and CEO of Foot Locker, Inc. “This acquisition is an important step for our Company, as we look to expand our offerings in the rapidly growing action and extreme sports categories. Our Footlocker.com/Eastbay business will support the CCS business with a well-established infrastructure that is expected to provide significant operational benefits and allow the well-regarded CCS management team to grow the business profitably.”
