Footstar, Inc. announced that it has reached an agreement with Wal-Mart Stores, Inc. to supply Thom McAn family footwear for up to 1,500 Wal-Mart stores, including the original 300 stores that began selling Thom McAn in October 2002.
Footstar will supply women’s shoes for 1,500 stores, men’s for 1,000 stores and kids shoes for 400 stores. It is currently expected that Thom McAn men’s and women’s shoes will be in 700 Wal-Mart stores by March, and the remaining stores by mid-summer, in time for the 2003 back-to-school selling season.
Mickey Robinson, Chairman and Chief Executive Officer, commented, “We are very excited about this opportunity to expand the distribution of Thom McAn, one of the fastest growing value footwear brands in America today. This is an important strategic step for us as we continue to move forward to reach new customers with Footstar’s own high quality brands.”
