Walmart Buys Shoes.com

Well, to be specific Walmart Buys the domain Shoes.com

Earlier this year we discovered that Shoes.com was going bankrupt, and it’s assets Shoes.com, Shoeme.ca and Onlineshoes.com would be shuttered.

Recently, According to Retail-Dive Walmart has targeted the domain shoes.com and has just completed the acquisition for $9 million.

The new Shoes.com will redirect to the Walmart-owned Shoebuy.com.

The acquisition of Shoe.com shows Walmart’s continued interest in the apparel e-commerce space. Walmart has been slowly acquiring struggling e-commerce platforms and rolling them into the Walmart family. The retail juggernaut has recently acquired women’s apparel e-commerce retailer Modcloth as well as outdoor apparel retailer Moosejaw.

We will keep you posted as new developments arise.