JD Sports Purchases California-Based Shoe Palace
PYMNTS
DECEMBER 15, 2020
California-based Shoe Palace was started in 1993 by the Mersho family. The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.
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