Dick’s Sporting Goods has agreed to acquire outdoor retailer Moosejaw from Walmart.
The acquisition expands Dick’s outdoor portfolio, led by its specialty chain, Public Lands, and affirms the retailer’s longer-term commitment to growing the multibillion-dollar outdoor category.
Terms of the transaction were not disclosed.
Walmart acquired Moosejaw in 2017 for approximately $51 million, a company founded in Michigan in 1992. The retailer is known for its e-commerce platform, supported by a “loyal customer following and vendor relationships.”
Moosejaw also operates 12 brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas, Michigan and Missouri.
“We admire what Moosejaw has accomplished over the past 30 years as leaders in the outdoor industry and look forward to the opportunity to share insights and learn from one another,” said Todd Spaletto, president, Public Lands and senior vice president, Dick’s Sporting Goods. “We believe there’s potential to grow the Moosejaw business and provide compelling experiences and an expanded product assortment to its millions of loyal customers.”
The deal is expected to close in March 2023.
Photo courtesy Moosejaw