JD Sports acquires US footwear retailer Shoe Palace

JD Sports Cologne

JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.

The sporting goods retailer has bought the California-based shoe firm for a cash consideration of $325m (£244m) of which $100m (£75m) has been deferred and will be paid on various dates over the next 12 months.

Shoe Palace, which operates 167 stores across the US, will continue to be managed by founders the Mersho brothers, and will begin sharing ideas and practices with the JD team from next year.

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