US specialty athletic retailer Foot Locker acquires Japan's atmos

“atmos expands our global reach in the rapidly growing Asia-Pacific market, establishes a critical entry point in Japan and allows us to benefit from immediate scale," Richard Johnson, chairman and chief executive officer (CEO) of Foot Locker, said in a press release.   

“We have worked with Foot Locker for years on product collaborations and partnerships, and we are excited about what is ahead as we pursue our shared passion for sneaker culture, streetwear, creativity and self-expression," said Hidefumi, CEO and chief creative officer of atmos.    

Foot Locker expects atmos to generate low double-digit sales growth annually.

Fibre2Fashion News Desk (DS)