Wal-Mart acquires online outdoor retailer Moosejaw for $51m

Wal-Mart acquires online outdoor retailer Moosejaw for $51m

A customer pushes a shopping cart at a Walmart store in Chicago, Illinois, U.S. November 23, 2016. REUTERS/Kamil Krzaczynski

Wal-Mart Stores Inc has acquired online outdoor clothing and gear retailer Moosejaw for $51 million in an all-cash deal, the company said on Wednesday, as it works to boost its competitive standing in U.S. e-commerce.

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