Foot Locker in Agreement to Purchase CCS

Good for you foot locker fans. They recently made a deal with Delia's inc. to purchase CCS for 102 million dollars.CCS is an online and catalog retailer geared towards the teenaged male that has sold skateboard footwear, apparel and accessories for over the past two decades.
“We believe that expanding our offerings in the skateboard category will allow us to broaden our appeal to the teenaged male, providing an exciting growth opportunity for our company,” Foot Locker Chief Executive Matthew D. Serra said in a statement.
CCS revenues for 2009 are projected to exceed $80 million, and the completion of the sale is expected to take place within the next 60 days.Don’t expect this deal to dramatically affect the appearance of the catalog, as it will retain its branding across all platforms like the CCS website, clothing line and skate team, just to name a few.