Philly's Villa stores buys Texas chain
Lutz family will boost store count over 100
The Philadelphia-based Villa chain of urban-focused retail stores (fka Sneaker Villa) says it has purchased Dallas-based DK Foot & Casual and its 12 Texas stores, for an undisclosed price. The move extends Villa to the South for the first time amid what chief executive Jason Lutz, whose family opened the first Sneaker Villa in Reading in 1989, calls "the fast-moving consolidation pattern that is impacting urban retail."
Villa plans to double the number of DK stores in Texas by next year. By December Villa said in a statement it expects to operate 117 locations plus its "rapidly-growing e-commerce business," based on "its deep connection with urban youth" through offering "curated" selections by Nike, Adidas, Reebok, Timberland and other brands while "elevating" what it calls "underserved and under-resourced neighborhoods."