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jaw dropping?!......Walmart acquires Moosejaw......
Posted by: NewtonMP2100
Date: February 16, 2017 09:08AM
....outdoor clothier......this might mean more moose knuckles.....??


Wal-Mart buys outdoor clothes and gear seller Moosejaw

.....Wal-Mart has acquired the outdoor clothing and gear seller Moosejaw for $51 million as it expands its online offerings.

The cash deal was announced Wednesday. Wal-Mart says Madison Heights, Michigan-based Moosejaw, which is largely online and sells more than 400 brands, will keep operating its site and stores. Its 350-plus employees will stay based in Michigan.

Wal-Mart, which is trying to better compete with online leader Amazon.com, says buying Moosejaw gives it the experience of another well-established e-commerce player with strong industry relationships.

Bentonville, Arkansas-based Wal-Mart also purchased online marketplace Jet.com last year for $3 billion in cash plus $300 million in stock. Wal-Mart's online sales had been slowing over the past two years but notably accelerated during last year's third quarter. It reports its fourth-quarter results next week.



moose......knuckle.......sandwich.............?!



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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: Sam3
Date: February 16, 2017 09:25AM
My wife was very sad when she heard the news. She liked their stuff, and that it was a smaller regional company.
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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: 3d
Date: February 16, 2017 09:32AM
smiling smiley

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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: C(-)ris
Date: February 16, 2017 09:36AM
Nooooo..... I wonder how much business they are going to lose. There is a large overlap of their target market and people who refuse to shop at walmart.



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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: onthedownlow
Date: February 16, 2017 10:42AM
Good move by Wal-Mart.

Most people will not know or realize the Wal-Mart connection, so I doubt business will suffer much.
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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: JoeH
Date: February 16, 2017 01:45PM
Quote
onthedownlow
Good move by Wal-Mart.

Most people will not know or realize the Wal-Mart connection, so I doubt business will suffer much.

Maybe not right away, but given Walmart's penchant for having all of it acquisitions do things "their way" I do not think the current customers will remain ignorant for long. Then I suspect they will start leaving for other retailers of the products Moosejaw sells.
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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: hal
Date: February 16, 2017 06:47PM
damn! They are one of the very best!
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Re: jaw dropping?!......Walmart acquires Moosejaw......
Posted by: onthedownlow
Date: February 17, 2017 02:59PM
Nah - good business move.
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