Footwear, sunglasses and apparel manufacturer Oakley Inc is to expand its retail partnership with Venator Group's Foot Locker, Oakley revealed on Tuesday.

The partnership covers Oakley's eye and footwear. By early November, Oakley eyewear will be sold in 350 US Foot Locker stores. The number of Foot Locker stores selling Oakley footwear will increase from 112 to 316.

Oakley cut its third and fourth quarter estimates in August. This was due to the decision of its largest reseller, Sunglass Hut, to cut orders of Oakley sunglasses in favour of stocking more Luxottica Group SpA sunglasses. The decision followed Luxottica's acquisition of Sunglass Hut in April.

The Venator Group has 3,555 stores in North America, Europe and Australia. The company plans to change its corporate name to Foot Locker. Shareholders will vote on the name change at the Group's annual meeting in November.


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