Walmart Buys Shoes.com Web Address
The domain name will be added to the existing Shoebuy.com business that Walmart bought as its first effort to combat Amazon through its Jet.com acquisition. Walmart did not acquire any of the other assets of the defunct Canadian e-tailer, and told Footwear News that it plans to make Shoes.com the “gold standard” of online footwear retailing, a title currently held by Amazon’s Zappos unit.
Coupled with the more recent purchase by Walmart of Moosejaw, it seems clear that Walmart is targeting the branded sporting goods marketplace as a key area where it can compete with Amazon through Jet.com. In both cases, ... Log in to view full article.