A Dick's Sporting Goods store stands at the Lycoming Crossing Shopping Center in Muncy. The Christmas holiday shopping season in the United States traditionally begins after Thanksgiving. (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)
Dick's Sporting Goods has agreed to purchase outdoor retailer Moosejaw from Walmart. The e-commerce company will be placed under Dick's specialty retailer Public Lands, which focuses on camping and hiking gear.
"We admire what Moosejaw has accomplished over the past 30 years as leaders in the outdoor industry and look forward to the opportunity to share insights and learn from one another," said Todd Spaletto, president of public lands and senior vice president for Dick's.
"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 purchased Moosejaw in 2017 as part of its digital expansion. Since then, the retail giant's online presence, Walmart.com, has grown rapidly. The deal is expected to close by next month.
Moosejaw is primarily an e-commerce company, but it also operates brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas, Michigan, and Missouri.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
