Foot Locker Is Running Away With Runners Point
May 20th 2013 7:00PM
Updated May 20th 2013 8:10PM
Foot Locker may not be the sexiest company on earth, but it is smart. Two weeks ago, Foot Locker made a very savvy buy when it snapped up a leading German footwear retailer at a very big discount.
"How big was the discount," you ask? And what does it mean for Foot Locker and its shareholders? Listen in and find out, as Fool contributor Rich Smith gives you the 411.
To learn about two more retailers with especially good prospects, take a look at The Motley Fool's special free report: "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, you'll see how these two companies are able to consistently outperform and how they're planning to ride the waves of retail's changing tide. You can access it by clicking here.
Editor's note: The announcement of the acquisition was made on May 8.
The article Foot Locker Is Running Away With Runners Point originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.