Wednesday, June 20, 2012
Zumiez to buy Austrian retailer Blue Tomato
Teen-focused retailer Zumiez Inc has agreed to buy Austria-based Blue Tomato for 59.5 million euros ($75 million) to beef up its sports goods offering in Europe, it said on Tuesday, as it raised its second-quarter revenue outlook. Photo: Blue TomatoUnder the deal, the snowboarding and surfing merchandise retailer will also pay 22.1 million euros based on certain milestones over the next three years. The Everett, Washington-based company expects the deal to be modestly accretive to earnings per
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