When Walmart purchased Marc Lore’s Jet.com online business in 2016, it was supposed to be the start of an amazing new ecommerce strategy for the world’s largest retailer. It hasn’t quite worked out that way. This week Walmart announced it sold its Moosejaw outdoor business to Dick’s Sporting Goods, marking one more divestiture of Lore’s vision to onboard a group of niche higher end brands and make Walmart.com a true competitor to Amazon. Along with Moosejaw, Lore oversaw the acquisitions of Bonobos, ModCloth, the Shoes.com URL and several …
Walmart’s Deconstruction of Lore’s Legacy Continues with Moosejaw SaleRead More