The Walking Company signed a definitive agreement with Footworks, a division of the privately-held shoe retailer Bianca of Nevada, Inc., to purchase the assets of the division for approximately $10 million. Footworks operates a chain of eight retail stores selling comfort shoes and accessories.
Footworks' operations are focused on high-visibility stores in Las Vegas, Nev. The purchase is subject to standard contractual contingencies and is expected to close within 45 days. After closing, TWC will largely convert the stores to “The Walking Company” stores.
