Walmart has acquired a Zappos competitor to boost Jet.com’s shoe business – Recode (Jan 5, 2017)
Walmart has been hard hit by Amazon’s success and dominance of e-commerce, but has lately been taking more proactive steps to fill gaps in its own e-commerce portfolio, using its Jet acquisition to make further buys. Given the sheer number of small- to medium-sized e-commerce plays out there, Walmart can easily snap up these focused providers and roll them up into its broader e-commerce offering, accelerating its efforts to become more competitive with Amazon.
via Walmart has acquired a Zappos competitor to boost Jet.com’s shoe business – Recode
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