Walmart, one of the globally acclaimed retailers, has reportedly featured outdoor gear provider Moosejaw on its official website, in a bid to compete with its biggest rival, Amazon, Inc. As per sources, in the year 2017, Walmart had acquired Moosejaw for USD 51 million, on account of its large assortment of outdoor gear and accessories, strong industry relationships, and rich product content.
According to TechCrunch, Moosejaw will reportedly introduce its new Premium Outdoor Store on Walmart’s official website, which would eventually enable Walmart’s online shoppers to access a large variety of outdoor specialty accessories.
As per sources, Moosejaw’s premium outdoor store includes thousands of items from premium brands like Deuter, Craghoppers, First Ascent by Eddie Bauer, Jack Wolfskin, Gramicci, LEKI, KLYMIT, Stonewear and Tentsile. In addition, the store will also carry the full range of Moosejaw-branded jackets, clothing and gear.
As per Eoin Comerford, CEO of Moosejaw, their online store is introducing a completely new outdoor specialty assortment to which Walmart’s customers were oblivious in the past. Moosejaw aims to provide a one stop destination for outdoor enthusiasts where it offers premium outdoor brands from many sources, Comerford added.
As per reliable reports, the Walmart digital store will launch nearly 50 Moosejaw brands on its official website. In addition, the digital store will also feature Walmart.com’s new design, which offers a more modern and clean user interface, and other personalization features.
However, Moosejaw itself carries nearly 500 brands, which might make it slightly difficult for Walmart to select the best brands from Moosejaw’s large brand portfolio.
Reportedly, Walmart shares have climbed more than 20% over the past 12 months, bringing the retailer's market capital to roughly USD 280 billion, whereas Amazon has reportedly acquired a market capital of more than USD 928 billion. Its shares were reported to reach more than 100 percent from its preceding year.
Shikha Sinha currently pens down content for fractovia.org, a news platform which provides the latest business highlights and industry trends. Shikha also is a contributor on various other online media websites where she writes informative, research-oriented content spanning the retail, healthcare, F&B, and technology sectors. As her first stint in writing, Shikha was an active contributor on Yahoo Voices where she penned down creative and imaginative pieces. She holds a Bachelor of Technology degree in Electrical and Electronics Engineering. She can be contacted at- [email protected] | https://twitter.com/shikhas999
The cloud-based legal technology startup hits a historic mark in future of legal industry with this investment. Clio, a leading legal software company has recently announced that it has bagged US$250 million in Series D funding from American equity firms JMI Equity and TCV. According to sour... Read More>>
New York-based co-working business, The We Company, formerly known as WeWork, has today announced its acquisition of rival start-up Spacious. The company, formed three years ago, is focused on converting restaurants closed during the day into efficient spaces for co-working. WeWork is a part of many... Read More>>
SoftBank is expected to lead a $250 million round with private equity major Carlyle for Dailyhunt South American conglomerate Synergy Group also hopes to invest in India’s Jet Airways. SoftBank Group Corp., a Japanese multinational conglomerate, is reportedly in talks to clo... Read More>>