Footwear retailer Foot Locker plans to expand its business by buying two smaller shoe store chains for a total of about $1.1 billion in cash. The company plans to buy California-based WSS for $750 million and Japanese streetwear retailer Atmos for $360 million. As per reports, WSS has a fleet of 93 off-mall stores across California, Texas, Arizona and Nevada, and has a largely Hispanic consumer base which Foot Locker is looking to tap into.

Meanwhile with 49 stores in Japan, Atmos is popular for its collection of special edition footwear in collaboration with brands including Nike Inc. WSS and Atmos will continue to operate under their own names. Both deals will be funded through available cash. Evercore served as financial adviser to Foot Locker on both the deals, while RW Baird advised WSS.

Foot Locker’s witnessed a boost in sales this year due to a pent-up demand for sneakers and athletic gear from US shoppers, as well as government stimulus