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.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
