According to reports from WWD.com, Foot Locker Inc. (NYSE: FL
) is eying an acquisition and Genesco Inc. (NYSE: GCO
) could be a good fit. The speculation follows comments from Foot Locker's CEO Matthew Serra that, "opportunities that we have looked at were aimed at acquiring businesses that would be complementary to our existing business."
Brown Shoe (NYSE: BWS
) and Shoe Carnival (Nasdaq: SCVL
) were also mentioned as possible targets.
Shares of Genesco are 3% higher in mid-day action.Link to WWD.com article $
Labels: GCO, Genesco