Walmart’s Jet Purchases ShoeBuy
On Thursday, The Amazon rival owned by Walmart, Jet.com, bought online footwear retailer ShoeBuy for $70 million. The move highlights Walmart's persistent push against Amazon, the owner of online shoe store Zappos. Walmart, The biggest retailer in the world, made online growth its main concern last year. The retailing giant took over Jet for $3.3 billion and created a plan to invest billions more into e-commerce while cutting back new store openings.
https://www.cnet.com/news/walmart-jet-shoebuy-buy-takeover-acquisition-amazon-zappos/#ftag=CAD590a51e
http://www.wochit.com
This video was produced by YT Wochit Business using http://wochit.com
On Thursday, The Amazon rival owned by Walmart, Jet.com, bought online footwear retailer ShoeBuy for $70 million. The move highlights Walmart’s persistent push against Amazon, the owner of online shoe store Zappos. Walmart, The biggest retailer in the world, made online growth its main concern last year. The retailing giant took over Jet for $3.3 billion and created a plan to invest billions more into e-commerce while cutting back new store openings.
https://www.cnet.com/news/walmart-jet-shoebuy-buy-takeover-acquisition-amazon-zappos/#ftag=CAD590a51e
http://www.wochit.com
This video was produced by YT Wochit Business using http://wochit.com
){kind=link}
Comments