CriticalPoint Capital (CPC), a Californian private investment firm, said that it has completed the merger of the recently acquired Shoes.com business with its existing business Running Specialty Group, which operates the footwear and athletic specialty retailers JackRabbit, Olympia Sports and Clever Training. The group has some 130 retail stores across the U.S..
Shoes.com, JackRabbit, Olympia Sports and Clever Training will continue to operate under their respective banners, while benefiting from a core infrastructure and shared services operational model, it pointed out.
CPC entered the footwear industry in early 2017 with the acquisition of JackRabbit, an omni-channel retailer of performance athletic footwear, apparel and accessories. Shoes.com is CPC’s latest investment in the sector, and was acquired from the general retailer Walmart in October 2020.