Headlines

Footstar To Fill Bigger Shoes

Footwear retailer to purchase J. Baker shoe business

Published

23 years ago

November 20, 2000

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Footstar Inc. (Mahwah, N.J., discount shoe retailer) announced it would acquire the licensed footwear division of J. Baker Inc. for $57.8 million. Footstar already owns the Thom McAn brand, Footaction and Just For Feet stores and operates Kmart shoe departments. J. Baker, a footwear and apparel retailer operates discount shoe departments and owns the Casual Male Big & Tall and Repp Ltd. Big & Tall apparel chains.

The agreement, expected to close by February 3, 2001 should allow Footstar to develop into more upscale markets. J. Baker's footwear brands include Bass and Nine West.

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