Foot Locker completed the acquisition of WSS from Riata Capital for $750m.

Foot Locker, the New York-based specialty athletic retailer, completed the acquisition of WSS, a US-based athletic footwear and apparel retailer, from Riata Capital, a Dallas-based private equity investment firm, for $750m. "WSS has built a successful, high-growth business by pioneering the neighborhood-based store model, built on community engagement and a full-family offering. This acquisition enhances our product mix and provides access to a customer base and store footprint that are both differentiated from and complementary to our current portfolio. We are thrilled to welcome WSS's customers into the Foot Locker family, as well as join forces with their talented team. Looking ahead, we see significant opportunities to expand this business, including by accelerating WSS's store growth into new geographies in North America," Richard A. Johnson, Foot Locker Chairman and CEO.