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Shoes.com

From Wikipedia, the free encyclopedia

This article is about the company which currently operates as Shoes.com. For company which operated Shoes.com up until 2017, see Shoes.com (defunct company).

Shoes.com
FormerlyShoebuy.com (2000-2017)
TypePrivate
IndustryE-commerce
Founded1999
HeadquartersBoston, Massachusetts
ProductsFootwear (shoes, boots, slippers, sandals)
OwnerIAC (2006–2016)
Walmart (2016–2020)
CriticalPoint Capital (2020–2022)
Designer Brands, Inc. (2022–present)
Number of employees
200+ (2017)
ParentCriticalPoint Capital
Websiteshoes.com

Shoes.com (previously known as ShoeBuy.com) is an American footwear retailer. The website was established in Boston during 1999. In 2006, the company was acquired by IAC. In December 2016, Jet.com (a subsidiary of Walmart) completed the acquisition of ShoeBuy from IAC.[1] It was reported that Walmart paid US$70 million for the company.[2] As of 2017, Shoes.com contains over one million products, many which can also be purchased on Jet.com.[3] ShoeBuy was re-branded as Shoes.com shortly after the acquisition closed.[4]

In October 2020, Walmart sold Shoes.com to CriticalPoint Capital, a private equity firm, for an undisclosed amount.[5][6]

During the second quarter of 2022, Designer Brands, Inc. acquired shoes.com.[7]

References

  1. ^ Levy, Nat (6 January 2017). "Walmart buys Zappos competitor ShoeBuy for $70M to help Jet.com battle Amazon in online apparel". GeekWire. Retrieved 9 January 2017.
  2. ^ Solsman, Joan E. (5 January 2017). "Walmart's Jet buys ShoeBuy in push versus Amazon's Zappos". CNET. CBS Interactive. Retrieved 27 December 2017.
  3. ^ Del Rey, Jason (5 January 2017). "Walmart has acquired a Zappos competitor to boost Jet.com's shoe business". Recode. Retrieved 21 December 2017.
  4. ^ Carlock, Catherine (23 May 2017). "Shoes.com planning to double HQ size, hire 90 with move to Charlestown". Boston Business Journal. Retrieved 21 December 2017.
  5. ^ Chesto, Jon (October 15, 2020). "Walmart sells Shoes.com to private equity firm". The Boston Globe. Retrieved November 27, 2020.
  6. ^ Wright, Beth (October 14, 2020). "Walmart completes Shoes.com sale to CriticalPoint Capital". just-style.com. Retrieved November 27, 2020.
  7. ^ "Footwear News".
This page was last edited on 1 November 2023, at 23:35
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