Deal Details

WSS Sold to Foot Locker

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Summary

About

WSS is an athletic-inspired retailer focused on the large and rapidly growing Hispanic consumer demographic, operating a fleet of 93 off-mall stores in key markets across California, Texas, Arizona, and Nevada. WSS’s community-driven business benefits from deep relationships with customers – with approximately 80% of its sales coming from customers who are members of its loyalty program. WSS generated approximately $425 million in revenue in its fiscal year 2020 and a three-year revenue CAGR of approximately 15%.

Riata Capital Group is a mid-market private equity investment firm with a focus on the Business Services, Consumer and Healthcare Services sectors. Riata typically engages in equity investments of $25 to $100 million in firms with EBITDA of $5 to $30 million and a total enterprise value of $25 - $250 million. Riata has $1.5 billion invested across 6 funds. Riata is headquartered in Dallas, Texas.

Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, WSS, Footaction, and Sidestep. With approximately 3,000 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivalled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York, New York.

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