Runnings announces deal to purchase Home of Economy

FARGO (KVRR-KFGO) – Runnings, a retailer based in Marshall, Minnesota, has announced an agreement to purchase Grand Forks-based Home of Economy, a company with eight stores in North Dakota.

The acquisition will expand Runnings to 90 locations, serving customers in 12 states from New York to Montana.

The deal between Runnings and Home of Economy is scheduled to close in September. The stores will continue under the Home of Economy name for an undetermined amount of time before transitioning to the Runnings brand.

Runnings has a store in Moorhead.