Boot Barn Holdings, Inc. announced Tuesday that the company plans to acquire the four-store operations of Wood’s Boots, a family-owned retail store based in Midland and Odessa, Texas.
Boot Barn, the western and work-related footwear retailer carrying brands like Ariat and Twisted X, is using the store acquisition as an opportunity to grow its store portfolio and reach in West Texas.
“West Texas is a strong market for both western and work wear and this acquisition helps us bridge our Texas stores to those in New Mexico as we continue to build our national presence,” said Boot Barn CEO Jim Conroy. “Paul Wood has built a very strong customer following and has assembled a tremendous team of associates. These stores will help accelerate our planned store openings for the year and demonstrate our commitment to filling in critical markets such as those in Texas.”
Boot Barn also purchased Wood’s Boots’ inventory, and entered new leases with the stores’ landlord, while also offering employment to the Wood’s Boots team at all store locations.
“I want to express my appreciation to the team members in the four locations who have provided exceptional service to our loyal customers and enabled us to build a great business,” said Paul Wood, president of Wood’s Boots. “It is exciting to have Wood’s join Boot Barn, the leading western retailer in the country, and I am looking forward to seeing the opportunities that a national retail company can provide to our associates in the future.”
Meanwhile, Boot Barn released a statement about the condition of its Houston-area stores after Hurricane Harvey. Despite having to temporarily close 20 stores, 18 stores reopened within a week, while two stores remain closed due to severe flooding until they can be repaired.