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Consumer News

Consumer Reports

Trusted reliable news sources from around the web. We offer special news reports, topic news videos, and related content stories. Truly a birds eye view on news.

Consumer Resources

Even if you're working by yourself in your pajamas, there are still times when you need a hard copy of a document. Having a home office printer is still incredibly handy despite the near ubiquity of digital displays -- from phones to TVs to laptops. And if you're still working remotely, a speedy, dependable printer can be invaluable. However, shopping…

The Suicide Squad is a week away! The trailers got us primed for an absurd, violent and signature James Gunn adventure, and now The Suicide Squad is finally closing in. The DC film about a group of convicts who take on a suicidal mission arrives on Friday, Aug. 5, a day earlier than expected on the big screen and…

This small, textured arch is in the Gale Crater on Mars, as seen by NASA's Curiosity rover. We like to marvel at large natural rock arches on Earth. Well, there's a tiny version on Mars and it's just as delightful. NASA's Curiosity rover got a good look at a weirdly textured little rock formation that's…

Netflix has thousands of movies and shows in its catalog, but scrolling is exhausting. You can find a bunch of movies, documentaries and binge-worthy original shows like Bridgerton, Stranger Things, The Crown, Shadow and Bone, Mindhunter and more all on Netflix. But with all that content to choose from, it's easy to get stuck in…

The Senate could pass the bill before its August recess begins. A group of senators has finalized the text of a bipartisan bill on infrastructure, which includes billions of dollars to ensure that all Americans can access broadband. The move, which comes after months of wrangling, sets the stage for passage of the roughly $1 trillion…

Photo (c) Richard Maguluko - Getty Images
Foot Locker announced Monday that it will buy two shoe store chains for about $1.1 billion in cash. The first store, U.S.-based WSS, will be purchased for $750 million. The second, Japan-based Atmos, will be purchased for $360 million. Both deals are expected to close late in the third quarter. 

Foot Locker said both transactions will help it extend its reach beyond malls and tap into other consumer bases -- specifically, the Latinx-consumer base and the Asia-Pacific consumer base. WSS has a large Hispanic consumer base at its stores across California, Texas, Arizona, and Nevada. Atmos, which is headquartered in Japan, has grown in popularity as a result of footwear collaborations with brands like Nike. 

Chairman and Chief Executive Officer of Foot Locker, Inc., Richard A. Johnson, said Atmos is “uniquely positioned through its innovative retail stores, high digital penetration, and distinctive products that have made it a key influencer of youth and sneaker culture.” 

“With atmos, we are executing against our expansion initiative in the rapidly growing Asia-Pacific market, establishing a critical entry point in Japan and benefitting from immediate scale,” Johnson said. 

Both deals “reflect our commitment to our growth strategy and engaging with new and incremental consumers,” he continued. “With our ongoing investments in the business, we are confident in our ability to continue creating significant long-term value for our shareholders, consumers, vendor partners, and other stakeholders.”