U.S. shoe retailer Foot Locker announced on Monday that it's spending more than $1 billion to expand its reach in the United States and Asia.

Foot Locker said it will pay $750 million for WSS and $360 million for atmos.

Based in California, WSS has nearly 100 stores in its home state, Texas, Arizona and Nevada. Atmos has dozens of locations in Japan.

WSS has a significant Hispanic customer base and atmos is popular for carrying special edition footwear from major shoe companies like Nike.

"The acquisition of atmos will accelerate Foot Locker's global reach with a highly strategic foothold in Japan," Foot Locker said in a statement.

The WSS stores are located away from shopping malls, which have been heavily impacted by the COVID-19 pandemic.

Foot Locker has more than 3,000 stories in 28 countries.

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News