Dick’s Sporting Goods Inc. (DKS) announced on Wednesday that it had agreed to acquire outdoor retailer Moosejaw from Walmart Inc. (WMT). This move is intended to help expand Dick’s existing fleet of stores geared toward outdoor activity, which has seen a surge in popularity over the past two years of the pandemic. The acquisition is expected to close in March, and when it does, Moosejaw CEO Eoin Comerford will report to Todd Spaletto, President, Public Lands.
The outdoor retailer Moosejaw was founded in Michigan in 1992, and offers an e-commerce platform as well as physical stores in Michigan, Arkansas, Colorado, Illinois, Kansas and Missouri. Dick’s Sporting Goods Inc. also runs the Public Lands outdoor specialty retailer, which was launched in 2021.
In response to the news of the acquisition, shares of Dick’s rose 1.8%. This is likely due to the fact that the acquisition of Moosejaw will help Dick’s Sporting Goods to further capitalize on the current trend of increased outdoor activity due to the pandemic. It is likely that the acquisition of Moosejaw will help Dick’s Sporting Goods to further diversify its offerings and reach a wider customer base.
In today’s ever-evolving retail landscape, it is increasingly important for companies to stay ahead of the curve and find new and innovative ways to reach potential customers. The acquisition of Moosejaw is a strategic move for Dick’s Sporting Goods to do just that. By acquiring Moosejaw, Dick’s Sporting Goods will be able to reach a wider customer base and further diversify its offerings.
The acquisition of Moosejaw is also a great opportunity for Dick’s Sporting Goods to tap into the outdoor retail market. Moosejaw has a well-established presence in the outdoor retail market and their physical stores in various states will give Dick’s Sporting Goods a strong foothold in the outdoor retail market. Furthermore, Moosejaw’s e-commerce platform will also help to expand Dick’s Sporting Goods’ reach and customer base.
Overall, the acquisition of Moosejaw is a strategic move for Dick’s Sporting Goods to further capitalize on the current trend of increased outdoor activity due to the pandemic. It is likely that the acquisition of Moosejaw will help Dick’s Sporting Goods to further diversify its offerings and reach a wider customer base. Furthermore, the acquisition of Moosejaw will also give Dick’s Sporting Goods a strong foothold in the outdoor retail market, which will help them to stay ahead of the curve and remain competitive in the ever-evolving retail landscape.
