Connect with us

Hi, what are you looking for?


Dick’s Sporting Goods is buying an online retailer from Walmart

Dick’s Sporting Goods Inc (NYSE: DKS) just signed a deal with Walmart Inc (NYSE: WMT) to buy Moosejaw – an online retailer that specializes in outdoor recreation apparel and gear.

How much is Dick’s paying for Moosejaw?

The retail company aims at expanding its footprint with this acquisition in the not so crowded, multibillion-dollar outdoor market. Todd Spaletto – its Senior Vice President said in the press release:

We admire what Moosejaw has accomplished. We believe there’s potential to grow the Moosejaw business and provide compelling experiences and an expanded product assortment to its millions of loyal customers.

Walmart had bought Moosejaw in 2017 for $51 million. What Dick’s paying for it, though, is yet to be revealed. The stock market news arrives only a day after Walmart Inc issued disappointing guidance for its current financial quarter (read more).

Dick’s will get to grow its eCommerce business

Dick’s Sporting Goods had roughly $1.40 billion in cash and equivalents at the end of its latest reported quarter.

The retailer expects this acquisition that’s expected to close in March to help grow its eCommerce business as well. According to Moosejaw CEO Eoin Comerford:

Like Moosejaw, Dick’s sees a huge opportunity to bring more people to the outdoors. Together we will serve outdoor enthusiasts from beginners to experts across multiple channels and locations.

Comerford will report to Spaletto once the transaction is complete. Moosejaw will still operate independently, though. Earlier this month, Moosejaw partnered with Recurate to launch its resale platform ReTrail.

The post Dick’s Sporting Goods is buying an online retailer from Walmart appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Reprinted from the Future of Freedom Foundation President Biden’s campaign to banish (or maybe outlaw) political paranoia took a wallop last spring. In April,...


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...

    Editor's Pick

    It’s already a cliché, but technology is rapidly improving. And for many businesses, it’s hard to catch up. However, it’s not just the average...

    Editor's Pick

    At Broadband World Forum 2022, Fibocom launched 5G module FG370 based on MediaTek T830 platform, aiming to empower the deployment of 5G FWA for...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.