Foot Action
New York–based shoe retailer Foot Locker Inc. will pick up 350 Footaction stores from one-time competitor West Nyack, N.Y.–based Foot Star Inc., which filed for Chapter 11 bankruptcy protection in early March. The bankruptcy court approved the deal, valued at $225 million. Foot Star has three remaining Footaction stores. The company said that following the sale it will focus on its core licensed footwear business, Meldisco.
