JD Sports is to buy US athletic footwear and apparel retailer DTLR for $495m as it extends its US operations.
JD Sports said that the conditional deal would enhance its presence in the north and east of the US, complementing its JD and Finish Line fascias and the recently acquired Shoe Palace.
DTLR, which is based in Baltimore, Maryland, was launched as Downtown Locker Room in 1982 and is described as having a “hyperlocal” model. The retailer has 247 branches in 19 US states. Last year, it made a pre-tax profit of $1.6m.
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