Dick's Sporting Goods to buy e-commerce outdoor retailer Moosejaw from Walmart
Publishing timestamp: 2023-02-22 11:15:01
Summary
Dick's Sporting Goods has agreed to buy outdoor retailer Moosejaw from Walmart in order to take a share in the multibillion-dollar outdoor market. The acquisition could help Dick's grow its presence in the outdoor market and develop its e-commerce footprint. The cost of the deal was not disclosed. Moosejaw CEO Eoin Comerford will report to Todd Spaletto once the deal closes. The company will continue to operate independently.
Sentiment: POSITIVE
Keywords: business, retail industry, breaking news: business, walmart inc, business news, dick's sporting goods inc,
Source: https://www.cnbc.com/2023/02/22/dicks-sporting-goods-buys-moosejaw-walmart.html