Athletic footwear and apparel retailer Foot Locker Inc is to buy Delia's Inc's direct-to-consumer skate-wear business CCS for $102m in cash as part of plans to broaden its appeal to teenage boys.

Matthew D Serra, Foot Locker's chairman and chief executive officer, said that broadening the company's appeal to the teenage male will provide "an exciting growth opportunity for our company."

CCS, which was founded in California in 1985, sells skateboard footwear, apparel and accessories through catalogues and the Internet with revenues expected to exceed $80m in 2009.

It is currently managed by a strong merchant team located in New York City, led by Susan Van Arsdale who will remain with CCS as managing director.

The acquisition is expected to close within the next 60 days, and will be accretive to Foot Locker's diluted earnings per share within the first full year of operation.

Foot Locker operates 3,700 stores in 21 countries in North America, Europe and Australia under the Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker and Champs Sports nameplates.

The sale will leave Delia's to focus on its core Delia's and Alloy brands, and will "significantly strengthen its balance sheet" after posting a second quarter loss of US$5m in the three months to 2 August.