IRVINE, Calif.--(BUSINESS WIRE)--
Boot Barn Holdings, Inc. (NYSE:BOOT) acquired certain assets of Lone
Star Western & Casual LLC (“Lone Star”), an individually-owned retail
company with three stores in Waxahachie, Corsicana and Athens, Texas. As
part of the transaction, Boot Barn purchased inventory, entered into new
leases with the stores’ landlord and offered employment to the Lone Star
team at all three store locations. Boot Barn funded the acquisition from
cash on hand.
Jim Conroy, Chief Executive Officer, commented, “Texas is the largest
western and work market in the U.S., and the acquisition of Lone Star’s
three stores enables us to expand our presence in this important region.
Lone Star opened its first store in 1977 and has successfully operated
its business under the leadership of Joe Masso, the owner, and his team
for more than 40 years.” Mr. Conroy continued, “These stores help
increase our footprint in key customer markets surrounding Dallas and
are consistent with our guidance to accelerate new store openings in
fiscal 2019 and further enhance our brand awareness in Texas.”
Joe Masso, the founder and owner of Lone Star who will retire from the
business, said, “As Lone Star enters this exciting new chapter in its
growth story, I am thankful for the support of my team members over the
past several decades. I look forward to watching their continued growth
and development as part of the Boot Barn family.”
About Boot Barn
Boot Barn is the nation’s leading lifestyle retailer of western and
work-related footwear, apparel and accessories for men, women and
children. The Company offers its loyal customer base a wide selection of
work and lifestyle brands. Including the three Lone Star stores, Boot
Barn now operates 229 stores in 31 states, in addition to an e-commerce
channel www.bootbarn.com.
The Company also operates www.sheplers.com,
the nation’s leading pure play online western and work retailer and www.countryoutfitter.com,
an e-commerce site selling to customers who live a country lifestyle.
For more information, call 888-Boot-Barn or visit www.bootbarn.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180424006725/en/
Investors:
ICR, Inc.
Brendon Frey, 203-682-8216
[email protected]
or
Media:
Boot
Barn Holdings, Inc.
Jim Watkins, 949-453-4428
Vice President,
Investor Relations
[email protected]
Source: Boot Barn Holdings, Inc.