Home Nike store SNIPES Continues Growth in US, Acquires Shoe Retailer Jimmy Jazz

SNIPES Continues Growth in US, Acquires Shoe Retailer Jimmy Jazz

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PHILADELPHIA CREAM, December 1, 2021 / PRNewswire / – Global sneaker and streetwear retailer SNIPES is significantly expanding its presence in the United States with the acquisition of American sneaker chain Jimmy Jazz. The deal was signed today and the purchase is expected to be finalized by the end of the year. The acquisition will approximately triple the number of SNIPES doors in United States, as the retailer’s store network will grow from just over 100 stores to nearly 270, making it the largest acquisition in SNIPES history.

SNIPES is a global sneakers and streetwear retailer with more than 450 stores in Europe and United States combined. The multi-channel company is distinguished by its deep roots in hip hop culture and a community-centered alignment based on supporting, empowering and celebrating street culture.

Based at Secaucus, New Jersey, Jimmy Jazz operates nearly 170 stores in the United States on the East Coast, Southeast and Midwest. The acquisition will allow SNIPES to enter new areas. SNIPES will honor and build on the strong legacy of Jimmy Jazz.

“Despite the pandemic, SNIPES continues to grow. Our “community first” concept will continue to focus on our main customer. We are very pleased to deepen our commitment to the communities we serve by partnering with Jimmy Jazz, ”said Sven Voth, CEO and founder of SNIPES.

“In SNIPES, we have acquired a strong global partner who shares our passion and who will appropriately continue our legacy as well as our investment in our teams and our stores,” said Jimmy khezrie, owner of Jimmy Jazz.

The expansion will increase SNIPES ‘total global store network from approximately 450 stores to over 600 stores. The parties have agreed not to disclose the terms of the agreement.

About SNIPES

Inspired by hip-hop, streetball, dance and action sports, the opening of the first SNIPES store in 1998 laid the foundation for a movement that now connects young people around the world. Faithful to the principle of outfitting, the SNIPES online store and more than 450 SNIPES points of sale in Europe and the United States offers trendy streetwear pieces and sneakers alongside classic and timeless looks from brands such as Nike, adidas, Carhartt, Jordan, New Balance and Vans. The main differentiators are SNIPES own collections and successful collaborations with other streetwear brands as well as exclusive sneaker models. Additionally, SNIPES has remained true to its deep roots in the global street culture community, working closely with key figures on the scene and supporting talented athletes and creative artists.

About Jimmy Jazz

For more than 30 years, Jimmy Jazz has presented high-end lifestyle brands such as Nike, Jordan, Adidas, Puma and Polo in an engaging and authentic way for the consumer by helping to build a “sneaker culture” on critical streets and in important markets. With nearly 170 stores across the American landscape, Jimmy Jazz has an extensive footprint in malls and strip centers. Jimmy Jazz also operates a strong e-commerce business through JimmyJazz.com, allowing it to digitally connect with the consumer on a large scale. Since its inception, the company and its valued associates have grown to become more than popular destinations for a wide range of footwear, clothing and accessories in the neighborhoods they serve. It has become the destination where streetwear and sports culture intersect. Jimmy Jazz remains loyal to the consumer, its nearly 4,000 diverse employees and all of their many supplier partners.

For further questions, please contact:

Simon Bus at [email protected]

SOURCE SNIPES